Why Gold Still Makes News Every Day

You’d think that gold wouldn’t be interesting anymore. People have been finding it and mining it for thousands of years. They’ve been using it to make jewelry, dental fillings and appliances, electronic devices, cosmetics and even medicines. They make alloys of gold, plate micro thin layers of gold onto just about anything, and even put gold in alcohol. Gold is old news, right?

Photo of a miner with a gold nugget used for everything from jewelry to dental scrap to circuit boards, which can all be recycled by GoldRefiners.com, part of Specialty Metals Smelters & Refiners.

Not really. The fact is that gold, the precious metal that has been used by humans for longer than just about any other, continues to make the news most every day. Here are some news stories from just the last few weeks.

“Shark Tank” Panelist Invests in a Gold-Prospecting Kit

It happened on episode 18 of “Shark Tank.” An entrepreneur named Mark Peterson showed the panel of investors his Gold Rush Nugget Bucket, a $99 plastic bucket that comes packed with a sieve and other equipment that hobbyists need to wade into streams and pan for gold. The panelists ridiculed the idea and called it nothing more than “a toy.” But after the haggling, an investor named Robert Herjavec invested $60,000 in the product in return for a $25% position in Peterson’s company. It all goes to show that the fantasy of striking it rich by finding gold still fascinates people. In fact, Peterson has sold $290,000 worth of his buckets online since he launched his product 17 months ago.

Chinese Herder Finds 17-Pound Gold Nugget that is Shaped Like China

Here’s a story for you. A Kazakh herder named Berek Sawut found a 17-pound gold nugget while he was riding his horse in the Altay mountain range in northwest China. The nugget, which is shaped like China itself, has made big news around the world. You can read about it and see images in "After Finding 17-Pound Gold Nugget in Shape of China, Herder Waits to See if He Can Keep It” a report that Edward Wong published in The New York Times on February 12, 2015.

266 Kilograms of Gold are Missing from an Indian Temple

About 266 kg of gold is missing from the Padmanabhaswamy temple in Thiruvananthapuram, India, and the government has hired auditors to figure out where it went. The gold wasn’t exactly stolen, you see, but lent out to people who then forgot to return it. Apparently the temple didn’t keep detailed records of who borrowed the gold, or when. You can read the story in “266 kg Gold Missing from Sree Padmanabhaswamy Temple: Audit Report” in The Times of India, February 13, 2015.

The Output of the World’s Gold Mines Grew 2.1% in 2014

The United States Geological Survey has reported that 2,860 tons of gold were obtained in 2014 from mining operations around the world. That represents an increase of 2.1% over 2013 totals. The countries that saw the biggest increases were China, Australia, Russia, Canada and Uzbekistan. You can read all about it in “Canada’s Gold Mines Are Shooting the Lights Out,” an article that Vladimir Bosov posted on Mining.com on February 13, 2015.

What Will Your Gold Headline Be?

Will you find a gold nugget in an old riverbed? Will you find it in old plating tanks, in a collection of coins, or under the floorboards of a factory? Will your old Uncle Willie leave you his coin collection that contains some hidden treasures? And what will you do with your gold when you find it?

Many amazing stories about gold are still to be told. As yours unfolds, give us a call at 800-426-2344. We are here to make sure that your gold story has a happy, and profitable, ending.

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