2 Pound Gold Nugget!!

2 Pound Gold Nugget!! by Liam Sheasby for Bullion by Post

TDC Note – What an awesome nugget. If I found something like this you would never know until it was time for it to go to auction. I most certainly would not publish images on instagram and fakebook for the world to know. It is a thing of beauty.

These large nuggets like this usually carry a pretty hefty premium.

Photo courtesy of Facebook and Finders Keepers Gold Prospecting store.

An anonymous gold hunter has discovered a 1.4 kilogram gold nugget near Kalgoorlie, Western Australia. The hobbyist reportedly found the lump of gold in saltbush flats near the town, approximately 18 inches below the surface.

The nugget – weighing 45 troy ounces (2 pounds13 ounces) – is worth £45,132 based on the live spot price, which equates to A$83,125. While there are several such finds each year, the size of this nugget and the rarity of it could mean that the value surpasses $100,000 if the item goes to auction.

Photo courtesy of Facebook and Finders Keepers Gold Prospecting store.

Photos of the gold were put online by Matt Cook – the owner of Kalgoorlie’s Finders Keepers Gold Prospecting store. The anonymous hobbyist is believed to have bought his kit from Cook’s store and returned to the shop to show off his find. Cook posted on the shop’s Facebook page about the exciting find and hinted that this was a payday for the experienced prospector.

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Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.