The largest gold nugget in Britain has been found in a Scottish river, as experts reveal that members of the public are taking up hunting after watching YouTube clips.
The diver, who wishes to remain anonymous, discovered the £80,000 “doughnut-shaped” nugget using a method called “sniping”, in which a prospector uses a snorkel and hand tools to scan the riverbed for treasures.
The 22-carat lump, found in two separate pieces ten minutes apart in an undisclosed river in May, weighed a total of 121.3 g.
It earned the name of the Reunion Nugget after the two lumps- weighing 89.6g and 31.7g each- perfectly fitted together, leaving a small hole in the middle.
Global ‘Gold Rush’ Beginning As Investors and Central Banks Buy, Repatriate and Move Gold
◆ Gold is flowing to strong hands in safer forms of gold ownership, in safer jurisdictions
◆ Gold and silver bullion coins and bars owned by GoldCore’s clients have been moved from Hong Kong to Singapore
◆ Central bank and institutional gold rush is beginning as prudent money diversifies fx reserves by buying gold & repatriates their gold from London and New York
◆ Central banks are repatriating gold and buying gold as never before due to macroeconomic, geopolitical, systemic and monetary risks
◆ Poland’s government completed the repatriation of 100 tons of gold bullion; 8,000 gold bars worth $5 billion were moved by G4S from the Bank of England to the Polish central bank
◆ Serbia, Poland and Hungary have boosted their safe haven gold bullion reserves to protect their foreign exchange holdings and hedge growing monetary and systemic risks
◆ Slovakia has joined China, Russia and a host of countries buying gold or seeking to repatriate their gold from the Bank of England and the New York Federal Reserve
◆ Global rush to gold is leading to a run on ‘bank gold’ which is gold stored with banks and indeed a run on on the ‘gold bank’ in the form of central banks including the Fed and the Bank of England
◆ Prepare now with physical gold coins and bars in your possession or in fully segregated storage in Singapore and Zurich
I founded GoldCore more than 10 years ago and it has been my passion and a huge part of my life ever since. I strongly believe that due to the significant macroeconomic and geopolitical risks of today, saving and investing a portion of one’s wealth in gold bullion is both wise and prudent.
