Chinese Herdsman Stumbles on 17 Pound Gold Nugget

Market Watch ^ | 2/6/2015 | Barbara Kollmyer

[wildbill]

magine it! You’re walking along and nearly trip over a 17-pound (7.85 kilograms) gold nugget. File that under a most improbable gold bonanza.

But that’s exactly how it played out for one lucky sun-of-a-gun farmer in China.

Berek Sawut, a Kazak herdsman from Qinghe County in Altay Prefecture told Chinese news agency Xinhua that he found the giant nugget “practically lying on bare ground.” The area is in China’s far western Xinjiang Uygur region.

That gold nugget, assuming it’s at least 80% pure, would be worth 1.6 million yuan ($255,313 U.S. dollars), says Xinhua, which also points out that a 1.84 kilogram nugget was discovered in the region in 2010. Gold GCJ5, -2.21% for April delivery was trading at $1,261 an ounce on Thursday.

[wildbill]

Picture at website. I'm pretty sure from looking at the picture that this nugget is the one I lost via a hole in my backpack on my last walking from along Marco Polo's route.

I'm notifying the People's Republic to give it back.

[Yo-Yo]

[AU72]

Spain will claim it came from a Galleon that got lost and stranded in the dessert.

[molson209]

I saw an episode of Mash where they had tons of rocks painted Gold , LOL

[txhurl]

Damn.

[Ingtar]

PRC will claim it. I guess I will stop the sentence there, as that is the most likely outcome.

[Billthedrill]

DIBS!

Uh...is "dibs" binding under international law?

[C210N]

PRC might make him have to dance for it.

[molson209]

LOL, why is that hand coming through a paper wall

[Swordmaker]

I was wondering where i lost that!

[samtheman]

He won’t get to keep it and he won’t be justly compensated for it.

[Yo-Yo]

LOL, why is that hand coming through a paper wall

The caption of the photo at the website says "A Chinese herdsman found a chunk of gold like this one, and the picture is watermarked "Shutterstock.com"

That to me looks like a rock painted gold.

[rktman]

Hey herdsman. S!T!F!U! Resident of Dumbassistan?

[2ndDivisionVet]

[Iron Munro]

That gold nugget, assuming it’s at least 80% pure, would be worth 1.6 million yuan ($255,313 U.S. dollars)

That's about 55 times the annual income in China based on 2014 data.

Probably more like 100 years income for a herdsman.

[Iron Munro]

He won’t get to keep it and he won’t be justly compensated for it.

That gold will disappear so fast he will think Obama is in town.

[samtheman]

A whole gaggle of we’re-from-the-government-and-we’re-here-to-help people have already alighted on his doorstep, I’m sure.

[dainbramaged]

That to me looks like a rock painted gold.
It sure does - I've seen a few huge nuggets and that ain't one.

[Red Badger]

WOW!..........................

[TexasCajun]

Todd Hoffman - Gold Rush