Gold rush in Bang Saphan district of Prachuab Khiri Khan

[webfact]

Gold rush in Bang Saphan district

 

PRACHUAP KHIRI KHAN: -- Several fortune and fun seekers have flocked to Tambon Ron Thong in Bang Saphan district of Prachuab Khiri Khan to pan for gold in a stream.

 

The gold rush was mainly prompted by a words of mouth circulating in the district that several villagers who make a living by panning for gold in Klong Thong in Ban Paron have found more gold after the recent flooding.

 

One of the gold hunters, 43-year old Prayong Netsongsri, said that he was quite lucky two days ago. After a day of panning in the stream, he said he found only a bit of gold dust and decided to return home, but, on the way back while walking on the bank of the strem, he stumbled on a gold nugget which he eventually sold to a trader at 35,000 baht.

 

He described the gold nugget as one of the biggest ever found in the area.

 

Full story: http://englishnews.thaipbs.or.th/gold-rush-bang-saphan-district/

 

-- © Copyright Thai PBS 2017-01-18

[hhinhh]

So the flood is returning a small contribution to the cost it caused.

[FredNL]

10 hours ago, webfact said:

he stumbled on a gold nugget which he eventually sold to a trader at 35,000 baht.

 

That nugget must have been around 1 kg. 

Who believes such a story ??? Probably the same that are believing in:

• Snow White
• Cinderella
• Santa Claus
• ...

 

[PETERTHEEATER]

2 hours ago, FredNL said:

 

That nugget must have been around 1 kg. 

Who believes such a story ??? Probably the same that are believing in:

• Snow White
• Cinderella
• Santa Claus
• ...

Where does it say that the nugget weighed one kilogramme? If he received only 35k ThB then it would have been less than 30 grammes assuming he got a fair deal/
 

 

[Reigntax]

12 hours ago, FredNL said:

 

That nugget must have been around 1 kg. 

Who believes such a story ??? Probably the same that are believing in:

• Snow White
• Cinderella
• Santa Claus
• ...

 

 

 

Try about 30 grams or 1/33 of a kg. About the size of a pea.

[FredNL]

1 kg gold is about 1,200 USD => 40,000 THB

[Mousehound]

1 hour ago, FredNL said:

1 kg gold is about 1,200 USD => 40,000 THB

Approximately 32 troy ounces to a kilo:

$US approx. 1200 per ounce:

40k Bht approx. Is about 1,129 US dollars.

So just over a troy ounce - I wouldn't chuck my job in if that is the largest nugget found in the area.

[FredNL]

On 19-1-2017 at 10:34 AM, Mousehound said:

Approximately 32 troy ounces to a kilo:

$US approx. 1200 per ounce:

40k Bht approx. Is about 1,129 US dollars.

So just over a troy ounce - I wouldn't chuck my job in if that is the largest nugget found in the area.

I was wrong. 

I quoted the ounce price as kilogram price.
I didn't see that they were talking about ounces.

[Elkski]

an once is much bigger than a pea... Think Kuggerand.  its one troy once. 

[ezrider62]

On 1/20/2017 at 11:03 AM, FredNL said:

I was wrong. 

I quoted the ounce price as kilogram price.
I didn't see that they were talking about ounces.

A kilogram is 2.2 pounds or 35.2 ounces. Gold has been around $1200 an ounce for sometime now.