gold

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Miners Fight for Right to Vacuum Up Gold in Rivers

Suction dredge mining still banned in California

(Newser) - Vacuuming up gold from the bottom of a river sounds pretty tempting, so you can see why California gold miners are so intent on being allowed to do it. But suction dredge mining, as it's called, is quite controversial and has been banned in the state for the past...

All the World's Gold Weighs in At...

Inside the quest to tally up how much is out there

(Newser) - If you were to stuff all the world's gold in a single room, how large would it have to be? According to Warren Buffett, one that's 67 feet long, 67 feet wide, and 67 feet tall. And he's actually pretty spot on, according to an annual survey...

Behind Kyrgyzstan Unrest: Gold in the Mountains

Protests threatened as government debates mine's future

(Newser) - Kyrgyzstan has had two revolutions in eight years, and it's poised for a third amid anger over a gold mine at 12,000 feet. Nationalists say it's time for the Kumtor mine to return to local control after it was sold to a Canadian company in 2009; they...

Earthquakes Give Us Gold
 Earthquakes 
 Give Us Gold 
study says

Earthquakes Give Us Gold

It precipitates as water turns to steam: researchers

(Newser) - Earthquakes can have a silver—or rather golden—lining. Some six miles underground, water can contain trace amounts of gold and silica. When an earthquake occurs, voids along a geological fault widen suddenly, pressure plummets, and the water held inside turns to steam. Meanwhile, the gold and silica in that...

Germany to Withdraw 300 Tons of Gold From US

Country's reserves stored mostly abroad

(Newser) - Germany boasts gold reserves worth $183 billion—but two-thirds of the stuff is kept outside the country. Now, the country's central bank is set to make a heck of a withdrawal, including some 300 tons currently in a vault under Manhattan, stored by the Federal Reserve Bank of New...

Gunmen Steal $11.5M in Gold From Fishing Boat

Curacao police say robbers posed as customs officials

(Newser) - Here's a fishy one: Police on the Caribbean island of Curacao say they are investigating after armed men robbed a fishing boat of $11.5 million in gold bars on Friday, the AP reports. The alleged robbers wore police jackets and told the boat's crew they were customs...

Montana Lawmaker: Pay Me in Gold, Please

Jerry O'Neil says he's worried about the dollar

(Newser) - A state lawmaker in Montana has found a unique way to express his concern about the national debt: Jerry O'Neil is demanding that he be paid in gold and silver coins instead of US dollars, reports the Daily Inter Lake . O'Neil wrote to the state legislature with his...

Russian Ship With 700 Tons of Gold Ore Goes Missing

9-person crew sent distress call

(Newser) - A vessel with a nine-person crew and 700 tons of gold ore onboard has gone missing in stormy seas off Russia's Pacific Coast. The ship sent a distress call yesterday as it was sailing from the coastal town of Neran to Feklistov Island in the Sea of Okhotsk. The...

Anti-Gov't Recluse Leaves $7M ... in Gold

Was 'anti-government' hoarder

(Newser) - Neighbors didn't know much about Walter Samaszko Jr.—in fact, he had been dead for at least a month before the smell tipped people off to his demise. And when officials visited his house, they learned something else about him: He'd owned at least $7 million worth...

Sioux Race to Raise Funds to Buy Sacred Land

Land was seized by Congress after Dakota gold was found

(Newser) - The tribes of the Great Sioux Nation are scrambling to raise enough funds to buy back sacred land seized from them by Congress 135 years ago. The 2,000-acre site, known as Pe' Sla, is located in the Black Hills of South Dakota and is going up for auction this...

Feds Checking Giant Gold Stash

 Feds Open Vault, 
 Double-Check 
 Giant Gold Stash 
in case you missed it

Feds Open Vault, Double-Check Giant Gold Stash

Auditors drilling into Uncle Sam's NY Fed holdings

(Newser) - Have Die Hard-style criminal masterminds made off with part of the world's biggest stash of gold? Probably not, but the federal government has been quietly double-checking its holdings in the New York Federal Reserve's vault anyway, the Los Angeles Times finds. The fortress deep below Manhattan holds close...

It&#39;s Time for the Gold Standard
 It's Time for the 
 Gold Standard 
herman cain

It's Time for the Gold Standard

It will strip establishment of power: Herman Cain

(Newser) - Call for a return to the gold standard, and “the Washington establishment goes ballistic,” writes Herman Cain in the Wall Street Journal . “Gold is kryptonite to big-spending politicians,” because a return to the gold standard would mean the government could no longer manipulate the economy, Cain...

Good News for Haiti: Gold!
 Good News for 
 Haiti: Gold! 

Good News for Haiti: Gold!

Troubled nation starts digging for $20B fortune

(Newser) - What news for a nation blighted by poverty , disease , and a devastating earthquake : Haiti is home to lucrative gold mines. And copper and silver ones too. Potentially worth $20 billion, the precious metal finds are already creating hundreds of jobs and new roads, the AP reports. What's more, mining...

Backyard Treasure Hunter Gets Stuck in Hole

A spirit told him he would find gold, but no such luck

(Newser) - An Indiana man had to be rescued from a giant hole in his own back yard. The 25-year-old says he was digging for gold because a spirit told him he would discover treasure, reports WSBT . After three days, he struck water instead and became hopelessly trapped up to his knees...

US Recovery Taking the Shine Off Gold

Prices dropping as investors gain confidence

(Newser) - Gold prices surged more than sevenfold in the decade after 2001 but after peaking at $1,920 per ounce last September, prices been falling rapidly as the US economic recovery creates better alternatives for investors, reports the Financial Times . Yesterday, gold hit a 10-week low of $1,627.68—down...

Californian Busted for Lucrative Illegal Gold Mine

Sierra Nevada digger hit with environmental charges

(Newser) - California authorities aren't buying landowner Joseph Hardesty's excuse that he is merely running a gravel business from a Gold Rush-era mine in a gold-rich part of the state. Authorities in El Dorado County say he is running one of the most blatantly illegal gold-mining operations ever seen in...

Smell Like a Million Bucks: DKNY Sells $1M Perfume

DKNY teams with jewelry designer for luxe bottle

(Newser) - How much do you normally smell like? Would you rather smell like a million bucks? Now it's possible. DKNY has unveiled a $1 million bottle of Golden Delicious perfume. It helps that the container is molded from 14-karat yellow and white gold and adorned with 2,700 white diamonds,...

Beck's Favorite Gold Firm Charged With Fraud

Current and former CEO of Goldline face up to a year in jail

(Newser) - Remember Goldline, the gold dealer that Glenn Beck trusts ? Well, the company and several of its top executives—including both current CEO Scott Carter and former CEO Mark Albarian—have all been charged with fraud, the Santa Monica City Attorney’s office said yesterday. Goldline is accused of, among...

Poop-to-Gold Experiment Goes ... Wrong

Belfast alchemist jailed for arson

(Newser) - Human feces, mixed with fertilizer and other ingredients and left on top of an electric heater, will not turn to gold, an amateur alchemist in Belfast discovered. Paul Moran, whose experiment set his apartment on fire, was jailed for three months for arson and endangering the lives of others, the...

Meteorites Brought Gold to Earth

Impacts 3.9B years ago responsible for most noble metals in crust today

(Newser) - You can thank meteorites for most of the gold in Earth's crust, reports the BBC . In fact, 22 billion billion tons of asteroid material that showered our planet 3.9 billion years ago were responsible for the gold, platinum, and other precious metals there (and, by extrapolation, for Glenn...

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