More importantly do you have enough gold to make the process worth while? Most folks think of just melting the whole thing down and viola there is the gold! Not quite how it works. There are actually 2 processes that are involved, assaying and smelting.
Assaying is determining what you have or how much is in the sample. If you have been out mining and have a lump or three of rock you need to know its composition detailing what is in that rock so that you know “IF” your in the right area to find what it is your looking for, in this case, gold.
When I say smelting, many people have visions of gigantic furnaces belching smoke and huge cauldrons bubbling with molten metal. But the truth is that neither is really needed to take gold from its source.
In an assay you are reducing the sample to its component parts to determine its composition. In a smelting you want to oxidize everything else and leave only, in this case, the gold. To do this you need what is know as a flux.
Odds are that the gold you get will be in pretty good shape to begin with, containing only modest amounts of impurities like black sand, quartz or base metals.
These base metals become salts and are oxidized by the flux where they are trapped until the melt is poured. Other contaminants are also trapped by the flux that then floats to the top of the gold. ...
WARNING:- Borax attacks the clay crucible so do not use much!
Small smelting furnaces can be purchased from suppliers for a few hundred dollars, most are electrical and can be set up in a back yard shed or garage. They usually have a crucible made of clay but you can also get one made of graphite that helps keep gold in its metallic form.
Heat until the mix until there are no bubbles, foam, or lumps in it. Then pour into a mold and cool. Once cooled remove from the mold, the gangue on top can then be struck with a hammer and removed.
And be mindful!
Borax attacks the clay crucible so do not use much!
George Gilder, whose new book publishes today, is one of the original pillars of Supply Side economics. As stated by Discovery Institute, which he co-founded, “Mr. Gilder pioneered the formulation of supply-side economics when he served as Chairman of the Lehrman Institute’s Economic Roundtable, as Program Director for the Manhattan Institute….”
He was the living writer most quoted by President Reagan. And he is back with his most brilliant work yet — one of potentially explosive importance if taken to heart by our political and policy thought leaders. It is a radical guide, with surprising insights on almost every page, to the creation of a new era of vibrant prosperity.
As reviewer Paul Brodsky, a professional investor in New York City, perceptively notes,
"Lewis Lehrman is one of a very small group of contemporary gold advocates able to successfully bridge the gap separating practical conservative intellectualism from fleeting, half-baked idealism. His CV lists great success across many fields including education (degrees and teaching fellowships from Yale and Harvard); industry (past president of Rite Aid); politics (narrow loser to Mario Cuomo in the 1982 New York governor’s race); finance, (past Morgan Stanley managing director); private sector entrepreneur (founder, L. E. Lehrman & Company); public sector advocate (founder, Lehrman Institute); historian (author, Lincoln at Peoria: The Turning Point); and recognized philanthropist (awarded the National Humanities Medal by George W. Bush in an Oval Office ceremony). ... Only someone erudite and elegant in demeanor could hope to pull it off . In an irreconcilably over-leveraged world where irritated bond vigilantes question economic sustainability and angry Tea Partiers protest the immorality of it all, Lehrman’s views are considered and his convictions carry weight. He brings gravitas to his cause, and he does so from within as a member of the club."
Before the Fed: JP Morgan Summons the Bank Presidents
"Finally, on the night of Sunday, November 2, Morgan summoned the presidents of the major New York banks to his new library, at the corner of Madison Avenue and Thirty-sixth Street, an Italian Renaissance-style palace he had built next door to his house to showcase his collection of rare books, manuscripts, and other artwork. Its marble floors, frescoed ceilings, walls lined with tapestries and triple-tiered bookcases of Circasian walnut, crammed full of rare Bibles and illuminated medieval manuscripts, made it an incongruous setting for a meeting of the banking establishment. Once the moneymen had gathered, Morgan had the great ornamental bronze doors to the library locked and refused to let anyone leave until all had collectively agreed to commit a further $25 million to the rescue fund."
— Liaquat Ahamed, Lords of Finance (Penguin Books, 2009, p. 54)
Lately we have been engulfed by headlines reporting financial turmoil on every continent, in almost every nation, large and small. The commissars of central planning who so marred the history of the 20th century have been replaced by central banks in the 21st. In Cyprus, the new leadership now dares to confiscate citizens’ wealth with a one-time tax of up to 60 percent on bank deposits above 100,000 euros. Self-interested prime ministers blame continental monetary policies for instigating the currency wars that they themselves surreptitiously carry on.
Constitution.org provides an extensive and thoughtful Memorandum of Law by Larry Becraft, Esq., of Huntsville, Alabama, on Article I, Section 10, clause 1 of the US Constitution.
Sir William Blackstone courtesy of Wikipedia
One of many interesting matters the Memorandum treats is Blackstone's Commentaries, a book that was a fixture in the...
The value of the yuan has been slowly rising. The value of the Japanese yen has been sharply falling. Abenomics is attempting to reflate the Japanese economic – slowly, slowly. “Japan is back!” Prime Minister Shinzo Abe tells the Japanese.
Coming back isn’t easy. The Financial Times’ Jonathan Soble has noted...