Posted on 06/14/2018 3:44:29 PM PDT by bananaman22
” those numbers would get us to the volume of the 60’ cube in just 36 years, and the claim I heard was that all gold ever mined in history would fit within it. “
Modern industrial mines process tremendous amounts of dirt for gold nobody else could have ever imagined. Look at the Cortez open pit mine in Nevada. Look at the Grasberg Mine in Indonesia. These mines have exploded in recent years. Nothing like that existed in the few thousand years humanity has been mining gold. Really, that kind of gold mining didn’t exist before WWII.
South Africa could be higher if they could find anyone that wanted to work. The number of Afrikkaners allowed in the workforce is minimal in SA. If a white man wants to start a business there, he has to give 50% to a black man just to start. Guess whose economy is dying? Along with the population of white people.
You are the math equivalent of a Spelling Nazi. :)
My great great Grandfather and his brother left Indiana in 1850 and went to the Sacramento area walking with a wagon train.
They came back in 1854 with $10,000 in gold coins. That’s about $275,000 in today’s cash. I still have an 1854 2 1/2 dollar Liberty coin they brought back. .
washingtonexaminer.com
The head of a Canadian company with an enormous stake in the Congo’s mining and oil announced a $100 million donation to the Clinton Foundation through his charity on the heels of Clinton’s first presidential campaign. Lukas Lundin, a Swedish investor whose family had founded the Lundin Group, also personally gave between $1 million and $5 million to the Clinton Foundation prior to 2013, donor records show.
Lundin’s lucrative mining operations in the Democratic Republic of the Congo were threatened by the piece of legislation Sen Clinton herself had cosponsored in 2006.
The Congo Relief, Security and Democracy Promotion Act would have upended the Congolese leadership that allowed Lundin to mine in the country unhindered. When the struggling Congolese government attempted in 2008 to reclaim control over parts of the mine that holds the world’s largest deposits of copper and cobalt, Lundin Mining reportedly resisted. The company claimed allowing the government a larger share in the mine would make the project “economically unfeasible,” the Globe and Mail reported in 2008.
At the time, Lundin owned a 24.75 percent stake in the mine and another company, Freeport-McMoran Copper & Gold, owned 57.5 percent, leaving the Congolese government in control of 17.5 percent of the mine.
Freeport-McMoran Copper & Gold is also a major Clinton Foundation donor, giving between $250,000 and $500,000, according to donor records.
The Congolese government saw its stake in the mine climb by just 2.5 percent in 2010 after talks that were thought to have been conducted by the State Department “in support of Freeport,” the Financial Times reported that year.
Clinton’s agency allegedly intervened in another dispute between a mining company and the Congo’s government in 2009, Schweizer noted.
First Quantum Minerals, another Canadian mining corporation, was locked in a dispute with the Congolese government after winning the rights to a profitable mine using “questionable methods,” the author wrote, alleging the firm bribed officials in the country to get the contract.
Clinton’s State Department intervened after the Congolese government stripped First Quantum of its business license, ensuring the company was paid $1.25 billion for its assets in the country, according to the book.
First Quantum’s founder, Jean-Raymond Boulle, has had controversial ties to the Clintons for decades. In 1998, he dropped all business with the Congo’s existing regime and began heavily bribing the incoming dictator, Laurent Kabila, in an apparent attempt to secure valuable mining property before the country’s leadership changed hands, Forbes reported that year. T
The U.S. still backed the Congo’s existing leader at the time.
I saw a show sometime back that said that all the gold mined up to this point is history would be the size of the Washington Monument.
Smiling.
That’s the nicest compliment that I’ve gotten all day.
WOW!
ping
Big deal, it’s shiny. Don’t understand why it’s so valuable.
Great family story! Was your 1854 quarter eagle minted in San Francisco? Those are exceedingly rare coins....
As far as I know, the Lost Dutchman’s mine in the Superstition Mountains hasn’t been found yet.
Ah, but the sister mine called the Los Padres has...
Jim Bowie looked for it for awhile.
Hmm, thanks for the insight.
Maybe they are like OPEC and they are holding out for better days.
Please remove me from your ping list. I’m not even sure how I got on.
An interesting story, but helps to show that not everyone got "rich" during the gold rush days.
4 years, 2 people...that's 1,250 per year per man or about $34,375 in today's money (assuming your 275k is adjusted correctly). Not a lot, for very hard work no doubt.
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