Placer gold

“ Gold is dug out of the earth, and, in close proximity to it, chrysocolla, a substance which, that it may appear all the more precious, still retains the name which it has borrowed from gold. It was not enough for us to have discovered one bane for the human race, but we must set a value too upon the very humors of gold.
Alas for the prodigal inventions of man! in how many ways have we augmented the value of things! In addition to the standard value of these metals, the art of painting lends its aid, and we have rendered gold and silver still more costly by the art of chasing them. ”

“ The pretence set up for this extraordinary degradation of the gold, was, that our coin might peradventure be exported, in order to be de-silvered abroad, a danger which could have been most readily averted, by leaving out as much gold in every sovereign as was equivalent to the silver introduced, and thus preserving its intrinsic value in precious metal. When the film of fine gold which covers each of our present pieces has been rubbed off from the prominent parts, these must appear of a very different and deeper colour than the flat part or ground of the coin. ”

“ It is in no way necessary, on account of any intrinsic or inherent quality of gold, that should have that particular metal, and that alone, for money.
It is boasted that gold is a universal measure. Why is it universal? Why is gold accepted in every country of the world? ”

“ Can you estimate the complete insignificance of the Phoenicians in this commerce? This small lump of gold has no real value: it is yellow, it is heavy, a man cannot eat it, and that is the end of the matter. A man does not clothe himself with gold and he cannot stop his hunger or thirst with it. If he had a lump of gold as big as the pyramid, he would be as poor at the foot of it as a Libyan wandering through the western desert where there is neither a date nor a drop of water. ”

“ Gold, the most precious of all metals, for which men delve and starve and toil and die, still lies hidden in immeasurable masses, in unsuspected places, screened perhaps by a thin sheeting of earth, over which thousands have tramped, never dreaming of the boundless riches just beneath their feet. And rubies and diamonds strew the bottom of the ocean or scintillate within caverns and caves, as they have shone and gleamed through ages, still waiting for the fortunate miner or explorer to bring them to light and the gaze of an admiring world. ”

“ When the gold is brought to the light and given to the commerce of the world, we see it shining in the sun. It is now a part of the wealth of the nation. But do not forget that every piece of gold you touch or see, or stand credited with at your bank, cost some brave man blood, life!
This old Forty-nine, years before, when the camp was young, had found a piece of gold-bearing quartz in a ledge on the top of a high, sharp ridge, that pointed down into the canyon. This was before quartz mining had been thought of. ”

“ Shopkeepers took advantage of our foolish innocence, and the tailor demanded sums in paper that he would never have dared to ask in gold. I doubt if the habit of thrift will ever be restored till the gold currency comes back. Gold is the only metal for which human beings have any lasting respect. No one but a child would save up pennies. There is something in gold—the colour, perhaps, reminding us of the sun, the god of our ancestors—that puts us into the mood of worshippers. ”

“ Men the world over, when faced up to fabulous quantities of the metal royal, become gold crazed and invariably love to parade their wealth before all mankind. As an extreme example of this form of madness it is on record that a goldfields storekeeper in Victoria actually had his horse shod with golden shoes, the weight of each of the four being over seven ounces.
The diggers as a class also spent a deal of money on personal adornment. Expensive rings, tie pins and watch chains of gold and greenstone were regarded as an outward and visible sign of prosperity. ”

“ They now sometimes actually saw the gold and actually met the men who had found it, as they were returning to the comforts and pleasures of civilization, actually burdened down with the weight of the precious metal they were carrying! And, what if all this gold should all be dug up before they got to the mines! The thought was enough to put the fever of haste into the blood of any man. ”

“ He was breathless and speechless for a few minutes, but I at length obtained information that two miners had come across a nugget of gold so large that half a dozen men were unable to lift it from the shaft. I hurried to the spot, and as I went along hundreds of people were flocking to the scene. The news spread like fire upon a prairie. Saloons and rooms were deserted—miners crawled from their shafts—sick men forgot their ailments—even gamblers desisted from playing for a short time, in their anxiety to look at the largest lump of gold that had ever been discovered. ”

“ This is the easiest way of getting gold, so easy, it is called "Hay-making," but it will not last long, as the black sand brought down by the river, with its gold, from the mountains, and cast up on the beach, where it has lain for centuries, is of limited extent. Looked at with a lens, the gold dust is composed of tiny angular nuggets, and is so pure that its value is four pounds an ounce, though the miner, after paying the duty on gold, and the expenses, only realizes about three pounds, seventeen shillings. ”

“ The problem of its value as bullion is the same as that of the value of pig iron or of zinc, of meat or of potatoes. There is here no special monetary problem. The value of gold as bullion and its value as money are kept in equilibrium by choice and by substitution. The several uses of gold are constantly competing for it: its uses for rings, pens, ornaments, championship cups, photography, dentistry, delicate instruments, and as a circulating medium. If the metal becomes worth more in any one use, its amount is increased there and is correspondingly diminished in other uses. ”

“ But even should all our gold go by reason of the remonetization of silver, it will not be to the injury of the gold standard, but to its great advantage, and to the equally great advantage of the masses of the people, as well of this country, which the gold may leave, as of all countries to which it may go. ”

“ If you come to the second-best results, to the gold so alloyed that you may confidently stamp it your own, do you wish to proclaim it the precious metal without alloy? Do you wish to declare that it is to all intents and purposes quite as good as pure gold, or even better? Do you hold yourself quit of the duty of saying that it is second-best, that it is something mixed with copper or nickel, and of the value of oroide, say? You cannot bring yourself to this extreme of candor, and what right, then, have you to recognize that something else is fine gold when it is really so? ”

“ From those figures it is plain that no continuous, extraordinary yield of silver, such as might warrant the slightest fear of an unnecessary addition to the money volume, is to be expected. On the other hand the continuous drain of gold for use in the arts, as dentistry, gold plate, jewelry, gilding, and articles of decoration generally, is seriously encroaching upon the annual supply. ”

“ And the absolute gold,—not the money, not the balance at one's banker's, not the plentiful so much per annum,—but the absolute metal clinging about the palm of one's hands like small gravel, or welded together in a lump too heavy to be lifted, has a peculiar charm of its own. I have heard of a man who, having his pocket full of diamonds, declared, as he let them run through his fingers, that human bliss could not go beyond that sensation. ”

“ The amount of gold, which has passed through the British mint, from the accession of Elizabeth, 1558, to 1840, is, according to Professor Farraday, 3,353,561 pounds weight troy; and nearly one half of this was coined during the reign of George III.
Gold is a good thing, in charitable fingers; but it too frequently constructs for itself a chancel in our hearts. It then becomes the golden calf, and man an idolater. How dearly we get to love the chink and the glitter of our gold! How much like death it does seem, to go off ’change, before the last watch! ”

“ But it has added very largely to the use of gold for plate, watches, jewelry, and the like. This greatly increased consumption of gold for ornamental purposes in England and America, and the increased flow of gold to Asia, to be there devoted to the same uses, account for the fact – which to many persons seems unaccountable – that the great amounts of gold taken from the mines have added so little to the amount in circulation as money. ”

“ You are not to know all the secrets of my trade as a marine store dealer, which is a highly respectable if not an exalted trade. Now gold, no matter how or where it may be, is worth any man's consideration. The gold that comes my way is never pure. It averages half or little more than half alloy. You are a great chemist. I cannot afford time to separate the gold from the alloy. I cannot spare time to go about and sell it. Every man to his trade; I am a marine-store dealer, you are a great chemist. What will you give me for ingots fifteen carats fine? ”

“ Did not many a common bit of human clay without family or name of the least value make a large fortune in the gold fields? When, then, The O’Melaghlin stooped to seek the ore, would not the earth open wide her bosom of uncounted treasures and lavish gold upon him? ”

“ Joe picked up his shovel again. After a few minutes' energetic digging he uncovered the rest of the sacks and in a short time all four were on the floor of the cave.
The Hardy boys examined each in turn, and found that each was identical with the first in that it contained gold dust and nuggets in large quantities. The sight of so much gold sent a thrill through them, just as it has sent a thrill through gold-seekers since the world began. Here was wealth, wealth in the raw, wealth for which men had fought and struggled, wealth that had been drawn from the depths of the earth. ”

“ The gold! That gold could never be won back, not in as many years as it took the baronet to save it up. Not in twice as many years, and he might have no more than one year. The gold could never overtake the lead now—that is, the gold, the Consols.
But the gold of a wedding-ring for Miss Midharst would balance the five-tons weight of the baronet's. Little over half an ounce of gold would outweigh five tons; a ring that cost no more than three guineas would balance a deficit of five hundred and fifty thousand pounds! ”

“ The quest of the passing age was for Gold. The real meaning and symbol and glory of gold, as the highest, smoothest and most finished of minerals, has been lost in the bulkier products and possessions it meant to measure and signify. More and more has gold itself hid away from vulgar hands and been represented by objects intrinsically inferior. We now behold a civilisation [20] destroying itself for commodities and destroying the commodities for which the destruction began.
Gold itself will serve Beauty in the coming age; commerce will serve æsthetics. ”

“ Indeed, the value of every product of Mother Earth, of the fields, the forest or the mine has been fixed by its worth in gold. Hence the quest of gold has inspired mankind to acts of heroism, to a search for knowledge, and to a resignation to hardship and privation that have given to the explorer and prospector a character scarcely second to that of the heroes of the battlefield or the leaders of the world's senates. ”

“ At every marriage, and at every birth, get a new piece of gold or silver if you will, but with noble workmanship on it, done for all time, and put it among your treasures; that is one of the chief things which gold was made for, and made incorruptible for. When we know a little more of political economy, we shall find that none but partially savage nations need, imperatively, gold for their currency ”

“ If you have "struck it rich" you will have the pleasure of seeing your primitive windlass grow to a "whip," a "whim," and eventually to a big powerful engine, with its huge drum and Eiffel tower-like "poppet heads," or "derrick," with their great spindle pulley wheels revolving at dizzy speed high in air.
"How shall I know if I have payable gold so as to save time and trouble in sinking?" says the novice. Truly it is a most important part of the prospector's art, whether he be searching for alluvial or reef gold, stream or lode tin, copper, or other valuable metal. ”

“ The gold-coloured dust fell from the dwarf's file like a thin, down-driven spirt of auriferous vapour.
"Miracle Gold," he thought, "Miracle Gold. All gold is Miracle Gold when one tests it by that only great reagent, the world. The world, the world. In my Miracle Gold there would be found an alloy of copper and silver. Yes, a sad and poisonous alloy. Copper is blood-red, and silver is virgin white, and gold is yellow, a colour between the two, and infinitely more precious than they, the most precious of all metals is gold. ”

“ Giffen the statistician of the London Board of Trade, in an article recently published in an English magazine, berating and deriding the bi-metallists, maintains that it is not the demand for gold as money, but for gold as a commodity, to be used in the arts, that determines its value. ”