An Australian prospector has discovered a massive 177 oz gold nugget using a state-of-the-art $6,000 hand held metal detector.
In other news, several members of the NY Fed were spotted Thursday boarding a plane for Sidney with large carry-ons.
Australian amateur prospector finds massive gold nugget
An amateur prospector in the Australian state of Victoria has astonished experts by unearthing a gold nugget weighing 5.5kg (177 ounces).
The unidentified man, using a handheld metal detector, found the nugget on Wednesday, lying 60cm underground near the town of Ballarat.
Its value has been estimated at more than A$300,000 ($315,000: £197,000)…
“I have been a prospector and dealer for two decades, and cannot remember the last time a nugget over 100 ounces (2.8kg) has been found locally,” said Cordell Kent, owner of the Ballarat Mining Exchange Gold Shop. I’ve got no doubt there will be a lot of people who will be very enthusiastic about the goldfields again, it gives people hope,” said Mr Kent.
“There’s nothing like digging up money, it’s good fun.”
What was that Mr. Kent? Don’t you mean tradition?