Heaven and earth: Ore veins and coin question.

percyb

Do volcanic eruptions blast away veins of gold and silver deposits? If so, do prices of coins go up after such eruptions?
Edited to add: I noticed the price of PMs is up today and the threat of Mt. Redoubt in Alaska erupting was announced. Is there a correlation or is this just chance or is this divine intervention for those of us holding gold and silver coins?

Walmann

Epithermal gold is common with volcanoes. Eruptions may make gold more accessible in some cases.
Some of the big gold deposits in South Africa are associated with dead volcanoes.

barbershopper

<< <i>Do volcanic eruptions blast away veins of gold and silver deposits? If so, do prices of coins go up after such eruptions?
Edited to add: I noticed the price of PMs is up today and the threat of Mt. Redoubt in Alaska erupting was announced. Is there a correlation or is this just chance or is this divine intervention for those of us holding gold and silver coins? >>



1. Probably.
2. No. PMs are being pushed up by the fact that the USA is printing way too much
currency, thus making each dollar worth less than it was yesterday, the day before
yesterday, ad infinitum.
JT

cladking

To have an effect on price a volcano would have to damage a known
deposit or an operating mine.

The odds are pretty high against it but it's hardly impossible.