GOLD RUSH; Prospector finds pounds 25,000 nuggets in Scottish rivers.

goingbroke

The man collected around 400g - about 14.5oz - of the Scottish gold, which is so rare it commands more than five times the price of the metal from other sources.
The gold found in Scotland is among the purest in the world at 22.8 carats.

"He said he had achieved what he wanted and had no real attachment to the gold itself.

CaptHenway

You might clarify that thread title to indicate that he found 25,000 British Pounds worth of gold, not 25,000 pounds of gold.

I smile at the claim that Scottish gold is worth five times normal gold.

TD

roadrunner

He can keep his 22.8 carat Scottish gold at 5X spot. I'd prefer some 24 carat gold Buffs at 5-10% over spot.

The rarest gold in the world might be the 4,000+ tons stored at Fort Knox. If it isn't there....it's a lot rarer than Scottish gold.

roadrunner

Bear

Gold is an element. No gold is more valuable then any other

gold, based on its purity.

Weiss

I think the reporter is confusing a few issues as they often do. It's likely they were told that nuggets sell for more than their gold value--which is often true. It's also likely the reporter is comparing that 9k garbage he mentions in the article to these nuggets. So taken together, these natural nuggets *may* actually bring 5 x what that "other gold" does. And they bring that much more in part because it is pure.

But Scottish gold nuggets don't bring five times what pure gold in other forms bring. The distinction is as large as the ocean to those of us who buy and sell gold. But someone entirely unfamiliar with the fundamentals of gold might make this kind of mistake without even realizing they were that far off.