Robert Kiyosaki ‏: Investing is like driving a car

Robert Kiyosaki ‏: Investing is like driving a car. If you have no drivers education or driving experience, driving a car is very, very risky. Get educated.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Saving counterfeit Money is insanity pure insanity.

Robert Kiyosaki ‏: Money is no longer real, its fake money backed by nothing. Saving counterfeit money is insanity pure insanity.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

U.S. Mint Sets A Record For Sales Of American Eagle Silver Coins In January 2013!!

Yeah the ping sound of silver depends on the way it is minted. Maples don't ping well due to their thickness and the way the silver is formed into the coin. Silver with some copper in it (like 80% or 90% silver) often pings a lot better than pure silver, and thinner coins ping better than thicker ones.

Sales of American Eagle silver coins by the U.S. Mint jumped to a record this month on increased demand for an alternative to currencies as the Federal Reserve plans to print $1 Trillion dollars. Sales surged to 7.42 million ounces so far in January, the biggest monthly total since 1986. The figure compares with the 1.635 million ounces sold in December, according to mint data.

David Morgan Interview - Silver Shortage, Germany's Gold and Yuan Global Reserve Currency

David Morgan of the Morgan Report and www.silver-investor.com did an interview with me today about what is going on with the Silver manipulation, Germany wanting their gold back but it taking until 2020 for them to just get 70 tons back and China using the word "Global Reserve Currency" for the Yuan today.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Germany Stockpiling Gold: Ted Anderson Reports

The global financial collapse is coming and expected in 2014. The Germans just do what everyone else should be doing right now... securing your financial future. The global Elite won't warn you that the financial collapse is coming. So you have to make precautions on your own and prepare yourself for anything. And that's what the Germans are doing. And seriously, Gold is an old topic in Infowars. Alex has already talked about that in 2009 and recommended everyone to buy more gold and silver.

Robert Kiyosaki : Having a JOB is relying on others to give you a living

Robert Kiyosaki : The problem with a job is that relying on others to give you a living is the biggest risk of all.
When you have to cling to your job in order to survive, you're unable to take any risks.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Investing can be scary

Robert Kiyosaki : I understand investing can be scary. But it less scary than being left behind in this economy.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

The Rothschild are Hoarding Gold

In the beginning of this century there were signs that Rothschild was starting to pull back from gold. With the announcement of Lord Jacob Rothschild that his "investment vehicle" RIT Capital Partners "has ridden the rally in gold prices but will now incrementally sell down" many observers were led to believe the ancient house was abandoning the precious stuff. Jacob Rothschild stated in 2011: "There is I believe a growing awareness of the dangerous position which confronts many countries, particularly those in the developed world. In spite of these concerns, we continue to take advantage of areas that we believe are attractive, but we will remain cautious in terms of the quantum of capital that we allocate".

Gold Ends Higher on Short Covering, Bargain Hunting, Bullish Outside Markets

(Kitco News) - Gold prices ended the U.S. day session with moderate gains Tuesday. Short covering and bargain hunting buying interest were featured following recent selling pressure. The key “outside markets” were in a bullish posture for the precious metals Tuesday, as the U.S. dollar index was weaker and crude oil prices were firmer. February gold last traded up $8.10 at $1,661.00 an ounce. Spot gold was last quoted up $7.60 at $1,662.50. March Comex silver last traded up $0.48 at $31.26 an ounce.
http://www.forbes.com/sites/kitconews/2013/01/29/p-m-kitco-metals-roundup-gold-ends-higher-on-short-covering-bargain-hunting-bullish-outside-markets/

Robert Kiyosaki : Build a Base of Solid Assets

Robert Kiyosaki : Keep expenses low, reduce your liabilities, and diligently build a base of solid assets.
By focusing on your asset column, you'll find your path to financial security and wealth much clearer and surer.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: I am a Trillionaire

Robert Kiyosaki ‏: I am a trillionaire... I have a Zimbabwe trillion-dollar bill. If we don’t protect our dollar, we’ll all be trillionaires
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Gold sinks as traders unwind options contracts

Gold prices slipped to start the week, pressured lower by traders who made bets the precious metal would fall.

Gold for February delivery fell $3.70 to settle Monday at $1,652.90 an ounce. Gold prices have dropped 1.3 percent so far this year.

Options on the New York Mercantile Exchange’s Comex exchange expire Monday. Many of the traders who had previously placed bets that gold would fall through options contracts known as ‘‘puts’’ are closing out those bets and taking their winnings off the table. That can knock prices lower.

With the exception of copper, other metals were also lower:

— Silver for March delivery fell 42.6 cents to $30.78.

— Platinum for April delivery fell $32.70 to $1,662.20.

— Palladium for March delivery fell 45 cents to $740.55 an ounce.

In grain futures, corn for March delivery rose 8.50 cents to settle at $7.29 a bushel Monday. Corn prices have surged 4 percent so far this year. A government report out earlier this month showed that farmers harvested much less corn last year than anticipated. It also revealed that the country’s stockpile of corn, used as food for cattle and other farm animals, dropped to the lowest level in nine years as of Dec. 1.
http://www.boston.com/business/markets/2013/01/28/gold-sinks-traders-unwind-option-contracts/kjWOa7C9l7DCedLv8Ub89M/story.html

HSBC Purchases $876 Million Worth of Silver

HSBC Purchases $876 Million Worth of Silver Capital Gold Group is a BBB Accredited Business. Listeners are welcome to receive a free precious metals guide by going tohttp://www.startwithgold.com/gold-guide/ or call 1(800)510-9594. If you'd like to listen to the rest of the show, visit StartWithGold.com to subscribe to the podcast. Silver has now rallied for 7 days due to the flood of inflows into silver backed ETF's and investment demand for coins and bars internationally. Analysts polled by Reuters expect silver to rise in 2013. This has helped silver prices rally over 6% so far this year and 4.5% last week alone. The close above $32/oz yesterday was bullish technically and could lead to silver testing the next level of resistance which is at $34/oz. The U.S. Mint has sold out of 2013 American Eagle silver coins and will resume sales the week of January 28 when the US Mint said inventory would be replenished.

Upcoming Debt Ceiling & China Gold Demand Explodes

Topics Include: Short term analysis, upcoming debt ceiling negotiations and China's unprecedented gold demand The IMF World Gold Council recently came out with a report showing how in November, China imported 90.8 tones of gold. That was double the 47 tonnes the imported the previous month in October bringing their annual import amount to over 800 tones, double what they imported in 2011. To put this in perspective, the 800 tones of gold imported in 2012 will exceed all of the official holdings of China. Also, during 2012 the Chinese bought $39 billion of gold while they bought under $10 billion of worthless U.S.

Silver Shortage? / Money Printing Around The Globe!

Following the news last week that the U.S. Mint had run out of its initial production of 2013 Silver Eagles, reports were circulating on industry blogs that the Royal Canadian Mint was next-in-line, and suffering a silver shortage. In other news the FED balance sheet crosses 3 Trillion as they print $85 billion per month. Not only is the fed printing but countries across the globe are expanding their currency supplies.
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

The Great 2013 Silver Shortage

Detailing the unfolding silver shortage. We are trying to anticipate the shortage but right now we dont have one. We have spike in investment demand since December 2012.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Robert Kiyosaki : My Rich Dad on How to Become Rich

Robert Kiyosaki : My rich dad suggested that I learn to sell, invest in real estate, and learn technical analysis to become rich.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Jim Rogers : Gold is consolidating now, a well-deserved consolidation

Jim Rogers : “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.” He’s bullish gold will eventually go well over $2,000 an ounce but said corrections of between 30% and 40% are normal. Rogers owns all the metals but said if he had to buy one today, it would be silver.

Robert Kiyosaki ‏: I use Debt to Buy Assets

Robert Kiyosaki ‏: I use debt to buy assets. Most people use debt to buy toys and liabilities.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : ‏ 3 Things Stop success

Robert Kiyosaki   :      ‏ 3 things that stop success: bad past; bad partners; and friends who don't value education.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Live life to the fullest! BUT, do it with money from your passive income

Robert Kiyosaki ‏: Buy all the toys and the best of everything! Live life to the fullest! BUT, do it with money from your passive income,
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Pay less Taxes – LEGALLY!

Robert Kiyosaki ‏: Tax laws are incentives for Entrepreneurs and Investors. If you follow the Tax Code you will make more money and pay less taxes – LEGALLY!
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : The key is to use your extra Money to make more extra Money

Robert Kiyosaki : The key is to use your extra money to make more extra money. That's the financially intelligent thing to do

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: In Business, size does matter

Robert Kiyosaki ‏: In business, size does matter. If you want to grow, people development is an essential component of the growth process. People...

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Investors invest when they know the way and gamblers bet and then hope and pray

Robert Kiyosaki ‏: A poem from my rich dad, “Investors invest when they know the way and gamblers bet… and then hope and pray.”
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Marc Faber : The problem with shorting the markets nowadays is that you have this huge intervention by governments

Marc Faber : “The problem with shorting the markets nowadays is that you have this huge intervention by governments. Look at bonds of Italy Portugal and Spain–they rallied last year, there was a huge profit opportunity, and I admit that I missed it, but the profit opportunity came about as a result of government intervention. I feel the markets are — some people say it is intervention. I can call it manipulation. If manipulation continues, you do not know how far they will go. The only thing I know is one day the markets will punish the interventionists, the Keynesians and the monetary that the Federal Reserve and ECB has enforced because the markets will be more powerful one day. How will this look like? Will the bond market collapse or equity markets become a bubble, which would be embarrassing for the Fed’s sake if the U.S. market became a gigantic bubble and at the same time the economy does not recover.”

The Peoples Coin - Mr. Wang Yirong Interview on MCC

An interview with Mr Wang Yirong, Vice President of the Chamber of Rarities in China and the Chairman of the Board of Shanghai's Yunzhou Antique Mall. Talking about the demand for Chinese Collectibles and Antiques.

The Peoples Coin - Chinese Dealer Interview

Interview with Chinese coin dealer Mr. Pei Fei on the growing demand for panda coins and if the demand will continue to grow in the future and if so why.

Coin Shop Unboxing Of Silver And Gold

I went to my local coin shop and got some great deals. I think. Ya i know my math was off. Its 45oz not 25ozLOVE the 2 pesos, I need more! LOL Very nice pickup, I would return the dragon rounds or demand a price adjustment, $40 each is too much. LCS people play dumb sometimes, but other times they really are ignorant of what they're selling, or they're just plain scamming.

Silver Panic Imminent? Apple Contractor Claims New iMac Production Delayed Over Silver Shortage!

Probably some people are taking their paper profits from metals and rotating it into stocks to try and ride the Dow Jones upswell at the moment, thus hitting the gold/silver price a bit. silver price is being globally manipulated to ensure that silver is worth much less than what most silver enthusiaststhe government will step in and lower the margins forcing huge amounts of contracts to be sold driving down the price of silver like Soros and Slims did and the gov did in 1980 to the Hunt brothers who were greatly maginalized . As more people like opurselves hoard silver and much more silver is nonrecoverable in amounts used in cellphones and other tech devices and solar panels etc these extra ounces needed will dry up.

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

THE BANKSTERS ARE BUYING "PHYSICAL" SILVER BEHIND THE SCENE TOO!

HSBC has quietly moved into acquiring large amounts of silver bullion.. The bank has secured another deal to buy silver bars from KGHM which brings their total purchases of silver from KGHM alone in the last 12 months to $876 million or PLN 3.65 billion.. KGHM is one of the largest producers of silver in the world and is the second-largest producer of refined silver in the world.. They produce silver bars registered under the brand KGHM HG that are attested to by "Good Delivery" certificates issued by the London Bullion Market Association and the Dubai Multi Commodities Centre.. Listed metals producer KGHM signed an estimated PLN 1.67 billion deal on 2013 sales of silver to HSBC, KGHM said in a market filing yesterday.. The deal puts the total value of deals between KGHM and HSBC in the last 12 months to PLN 3.65 billion or $876 million, the filing read.. The Management Board of KGHM announced that on 21 January 2013 a contract was entered into between KGHM and HSBC Bank USA N.A., London Branch for silver sales in 2013.. The estimated value of the contract is PLN 1,672,260,469.66. As a result of entering into this contract, the total estimated value of contracts entered into between KGHM and HSBC Bank USA N.A., London Branch over the last 12 months exceeded 10% of the equity of the Company and amounts to PLN 3,654,120,061.59.. The highest-value contract signed during this period is the above-mentioned contract. The criteria used for describing the contract as significant is that the total estimated value of the contracts exceeds 10% of the equity of KGHM.. KGHM is one of the largest companies in Poland and one of the largest mining & metallurgy companies in the world.. The main customers of Polish silver in recent years have been the United Kingdom, Germany and Belgium. HSBC appears to be one of their main customers now.. Respected and erudite, James Steel, the chief commodity analyst at HSBC Securities (USA) Inc. continues to be bullish on silver and recently said how "silver tends to track gold, except it over performs in a bull market" and how he was "moderately bullish on silver" in 2013.. HSBC did not comment on the deal and it only came to light as KGHM is a listed company and had to report the deal which was then picked up in Polish media.. The massive deal could simply be HSBC securing supply for the NYSE listed ETFS Physical Silver as they are the custodian.. Or it could be that HSBC's senior banksters are concerned about securing supply as they expect robust investment demand to continue and possibly increase resulting in higher prices too...
MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

Industrial Silver Shortage | Numis Financial

I believe shortages result because of price fixing. The inverse senario (supply having a greater determinant affect on price) would only concern the price fixers if there didn't exist any mitigation controls over silver production as well (think OPEC.) In other words, I believe the price fixers in addition to direct price control also have somewhat of a lever on the production side as well.Shortage or not, silver as an element is in finite supply with no way to create more. Compare that to fiat paper currency that can be printed and devalued to infinity.Which would you want your money in?

MAKE SURE YOU GET PHYSICAL SILVER IN YOUR OWN POSSESSION. Don't Buy SLV, or Futures or Pooled Accounts or any other BS paper silver product .Remember anything on paper is worth the paper it is written on. Go Long Stay long the bull market have even started yet

What is Silver? with Sean Rakhimov of SilverStrategies.com

Minaurum Gold interviews Sean Rakhimov of SilverStrategies.com on his views of the Silver market for investing, supply and demand, current and future trends and much more.

What is the Guerrero Gold Belt?

David Jones, Director & Senior Geologist for Minaurum Gold describes the Guerrero Gold Belt and what characteristics make up the belt.Guerrero Gold Belt Conference organized by EuroPacific Canada in Toronto, February 2012

Robert Kiyosaki ‏: It takes freedom to get Money

Robert Kiyosaki ‏: You want money to be free? It takes freedom to get money. Freeing your mind brings real money.

Robert Kiyosaki ‏: Taxes are actually incentives

Robert Kiyosaki ‏:" Taxes are actually incentives, a government stimulus plan to prod entrepreneurs to perform tasks the government wants done."
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : The government takes from employees and gives to investors

Robert Kiyosaki :" The government takes (taxes) and the government gives (tax incentives). It takes from employees and gives to investors. "
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: In the Information Age, it’s the fast that eat the slow

Robert Kiyosaki ‏:  In the Information Age, it’s the fast that eat the slow. In order to survive, you must be able to think and adapt at the speed of light ....
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Jim Rogers : Gold is consolidating now, a well-deserved consolidation

Jim Rogers : “Gold is up 11 years in a row. Gold is consolidating now, a well-deserved consolidation. I own gold, I’m not selling gold. If gold goes down, I’ll buy more.”

Robert Kiyosaki : I'd rather get circumcised again then cut up my credit cards

Robert Kiyosaki : I'd rather get circumcised again then cut up my credit cards. Learning to use debt wisely is the key to wealth.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Money often reveals who we really are.

Robert Kiyosaki : Money is a great barometer of people’s integrity. Money often reveals who we really are.
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : if you become a problem solver you become rich

Robert Kiyosaki : The problem with this world is not enough problem solvers. So, if you become a problem solver you become rich.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on Robert Kiyosaki :his way to becoming a very rich man.

Robert Kiyosaki ‏: The longer you actively Invest , The smarter you become

Robert Kiyosaki ‏: " The longer you actively invest… the smarter you become… and the smarter you become… the richer you get. "
Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Be unique And Do what you were made to do

Robert Kiyosaki ‏:" You cannot be all things to all people. Be unique. Be different. Give to others what you want yourself. And do what you were made to do. "

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Being Debt free is Financial insanity

Robert Kiyosaki : Being debt free is financial insanity. GOOD debt is the key to wealth building.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki ‏: Never Save Money , Invest Money

Robert Kiyosaki ‏: " We never save money. BEFORE we get money we know where we are going to invest it. "

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : Don't Work for Money. Work for Knowledge.

Robert Kiyosaki : Don't be addicted to money. Work to learn. don't work for money. Work for knowledge.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

Robert Kiyosaki : GOOD Debt is the key to Wealth Building

Robert Kiyosaki : Being debt free is financial insanity. GOOD debt is the key to wealth building.

Rich Dad Poor Dad is the story of Robert Kiyosaki's financial education. He had two 'dads' - one his real dad, who was poor, and the other, his best friend's dad, who was on his way to becoming a very rich man.

12 Pound Gold Nugget Valued $300000 Discovered In Australia

12-Pound Gold Nugget Found In Ballarat, Australia, Could Be Worth More Than $500,000 ,There's gold in them thar Ballarat, Australia. Really big gold. A 12-pound gold nugget, worth perhaps $500,000, was dug up Wednesday by a prospector using a $6,000 metal detector, local news site the Courier reported. A good investment, we'd say. The identity of the prospector and exact location of the find remain secret, but the Courier wrote that the man took the mega-nugget to the Ballarat Mining Exchange Gold Shop to confirm his incredible fortune. Shop owner Cordell Kent said the nugget was unearthed nearly two feet below the land surface. Melted down, the "nugget" would be worth about $300,000, but its rarity multiplies its value, Kent said.

An unidentified amateur gold prospector made the find of a lifetime in Ballarat, Australia, when his trusty metal detector discovered an enormous nugget of gold 60 centimeters below the surface. Evaluated at the Ballarat Mining Exchange Gold Shop, the nugget weighed 12 pounds and is estimated to be worth more than $300,000. While the prospector votes to keep his identity anonymous, Ballarat Exchange owner Cordell Kent spoke with reporters on the find. According to Kent, the gold nugget was discovered 20 miles from downtown Ballarat thanks to the prospector's advanced Minelab GPX-5000 metal detector.

12-pound Gold Nugget found in Australia

An Australian man has found a 12-pound gold nugget in a town known for a gold rush in the 1850s.
The prospector, whose name is not being revealed for privacy reasons, discovered his find in an area of Austrailia known as the "Golden Triangle," near the town of Ballarat, Reuters reported.An unidentified amateur gold prospector made the find of a lifetime in Ballarat, Australia, when his trusty metal detector discovered an enormous nugget of gold 60 centimeters below the surface. Evaluated at the Ballarat Mining Exchange Gold Shop, the nugget weighed 12 pounds and is estimated to be worth more than $300,000. While the prospector votes to keep his identity anonymous, Ballarat Exchange owner Cordell Kent spoke with reporters on the find. According to Kent, the gold nugget was discovered 20 miles from downtown Ballarat thanks to the prospector's advanced Minelab GPX-5000 metal detector.

The identity of the prospector and exact location of the find remain secret, but the Courier wrote that the man took the mega-nugget to the Ballarat Mining Exchange Gold Shop to confirm his incredible fortune. Shop owner Cordell Kent said the nugget was unearthed nearly two feet below the land surface. Melted down, the "nugget" would be worth about $300,000, but its rarity multiplies its value, Kent said