John reed gold. Reed Gold Mine, North Carolina 2019-12-02

The North Carolina Gold Rush. First Gold Discovered in the U.S.

John reed gold

It all started at Cabarrus County in 1799 Golden promise in the piedmont: The story of john reed's mine. To handle the large amount of gold found in the region and state from the 19th into the early 20th century, the Charlotte Mint was built in nearby Charlotte, North Carolina. Having to go through this twice—once when you buy and once when you sell—is a transaction cost and one which is missing from most other investments. I have no evidence, but I would expect that robbers would find persons approaching or leaving a gold store attractive targets. My best practice advice in is that you hedge against inflation, which is a market basket of goods and services, by investing in, well, a market basket of goods and services. Before the end of the first year, a slave named Peter had unearthed a 28-pound nugget.

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John reed gold

These functioned like cost-of-living adjustment clauses have since the 1970s. These farmers were capable of conducting shallow surface mining of the stream-beds known as placer mining. John Reed started his life on July 22, 1944 in Oxford, England, the son of Ron and Joyce Reed. John dedicated his life to farming but his lifestyle changed one day when his second son, Conrad, went to Little Meadow Creek and discovered a mysterious yellow rock that turned out to be seventeen pounds of almost pure gold. The chief hunts occurred in the summer, when farming did not require much labor and the creek was dry. In 1971, the State of North Carolina purchased approximately 700 plus acres of the Reed Gold Mine and turned it into a historic site that many people visit every year. Next time I watched his show, I was looking to see if he has a gold sponsor.

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Reed Gold Mine

John reed gold

The last underground mining took place at the Reed Mine in 1912. It all started on a Sunday in 1799 where 12 year old Conrad Reed and some of his siblings were shooting fish with a bow and arrow in Little Meadow Creek, Cabarrus County, North Carolina. Placer miners found the last large nugget at Reed in 1896. Most of them were small but he could have filled a quart jar with them in half an hour. Silver is the convenient-denomination metal.

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John T. Reed’s hyperinflation/deflation blog

John reed gold

John Reed took it to the silversmith in Concord to see if the rock had any value Knapp, 2001. The returns were to be divided equally. North Carolina Supreme Court Original Cases, Case 3633, George Reid v. Saying gold is an excellent hedge against inflation means you are roughly saying that a graph of the price of gold where the prices have been adjusted for inflation will be a flat horizontal line. Can you imagine a rare 17-pound gold nugget being used to hold a door open for years and years? People are all over the media saying buy gold. This site is now known as the Reed Gold Mine, the first documented location of gold found in the United States. Probably, most of the people who bought gold at that price in 1980 have died waiting to get their purchasing power back.

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John Reed's Doorstop: America's First Gold Rush was Not in California

John reed gold

In other words, they are speculating, a. The wedge-shaped rock was about the size of a small smoothing iron, or flatiron. A pendulum is a classic illustration of regression to the mean. Nevertheless, Reed in 1802 found a person who knew the metal at once. John Reed at first ignored the discovery, using the large 17-pound yellow rock as a doorstop in the Reed house.

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Reed, John

John reed gold

I may have missed the post and a response from him. The silversmith said that it had no value. The life of farmer John Reed would have been long forgotten had it not been for a chance event one Sunday in 1799. He went back and visited the jeweler where reports say he was compensated money. John dedicated his life to farming but his lifestyle changed one day when his second son, Conrad, went to Little Meadow Creek and discovered a mysterious yellow rock that turned out to be seventeen pounds of almost pure gold.

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John Reed's Doorstop: America's First Gold Rush was Not in California

John reed gold

James Love, Martin Phifer, Jr. The most authentic accounts of the find come from some of Reed's relatives about half a century after the occasion. So much for buying from a reputable dealer. Sources: Also See: main page. The higher price you pay, the greater the probability you will lose money on the purchase.

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John's Mine

John reed gold

It was the site of the discovery of a nine pound gold nugget during the depression. George Reed demanded a share of the nugget from earlier, however the family disagreed. In 1971, the State of North Carolina purchased approximately 700 plus acres of the Reed Gold Mine and turned it into a historic site that many people visit every year. A jeweler in Fayetteville, whom Reed visited on an annual marketing trip to that town, told Reed that the metal was gold and asked that the nugget be left for fluxing; when Reed returned, the artisan showed him a bar of gold six to eight inches long. Naturally, Reed took it home and for three years used the rock as a doorstop Roberts 1971.

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