Tag Archives: gold

Scientists have verified that a large gold nugget is actually a gigantic single crystal, the largest known.

Scientists have verified that a large gold nugget is actually a gigantic single crystal, the largest known.

Gold found in the ground will generally have a polycrystalline structure, meaning it is made up of many crystallites, varying in shape and size. Gold of a mono-crystalline structure, where the material is unbroken, are rarer and of significantly higher value.

The nugget is now worth about 100 times more than its typical weight in gold.

Astronomers have found evidence which suggests that most of the universe’s gold was created during the collision and merger of two neutron stars.

Astronomers have found evidence which suggests that most of the universe’s gold was created during the collision and merger of two neutron stars.

A binary of two neutron stars will eventually spiral into each other. When they do, scientists believe that their violent merger produces short gamma ray bursts (GRB). Observations of a short GRB burst in June found a lot of spectroscopic evidence of gold.

[T]he explosion had been responsible for the creation of a whole menagerie of heavy elements. They estimated that an equivalent of 1% of the sun’s matter was being flung out from the collision in a tail, and about 10 parts per million of that tail was made of gold.

A Russian ship carrying 700 tons of gold is missing off Russia’s eastern coast.

A Russian ship carrying 700 tons of gold is missing off Russia’s eastern coast.

The dry-cargo freighter Amurskaya, operated by a company based in Nikolayevsk-on-Amur, went missing in the Okhotsk sea on Sunday. It had a nine-member crew on board, local prosecutors who are checking the case said in a statement.

The ore came from Polymetal’s Avlayakan mine and was supposed to be delivered to its Hakanja processing plant, the company said in an emailed comment. It declined to give further details. At current gold prices , the 700 tonnes of gold ore may cost around $230,000, analyst Sergey Donskoy at Societe Generale said. Each tonne of ore out of the Avlayakan mine contains about 6 grammes of gold.

If this was a movie, the ship is right now hidden in an underground lair somewhere, being offloaded as engineers work to disguise it.

After spending $2.6 million to find and recover gold from a 1804 shipwreck, a U.S. salvage company has now been forced to return the money to Spain by the U.S. courts..

Theft by governments: After spending $2.6 million to find and recover a half a billion dollars in gold from a 1804 shipwreck, a U.S. salvage company has now been forced to return the gold to Spain by the U.S. courts.