RE: Alba31 Oct 2020 12:47
An interesting extract,
3 times or 30 times, as below.
At present, Welsh gold can be valued up to 30 times more than standard world gold
On 28th November 2017, 10 lots of Clogau gold, mined under government lease between 1979 and 1981, were expected to fetch about ÂŁ9,000.
But after going under the hammer at auction in Colwyn Bay, the lots went for ÂŁ44,000, the auctioneer had been told by experts that Welsh gold was "visibly discernible" from other types and the "Clogau factor" could increase the selling amount.
The smallest nugget weighed 3g (0.1oz) had a guide price of ÂŁ600-ÂŁ700 but went for ÂŁ4,000.
The 16.26g (0.5oz) of gold flakes and dust was expected to fetch between ÂŁ1,600 and ÂŁ2,000 but went for ÂŁ10,500.
The precious metal was mined from Clogau St David's after a farmer in the area, Jack Williams, approached Kerry John Thackwell and his father Ray.
The pair came to Wales to mine in Gwynfydd after working in Western Australia. Mr Williams told them he was the last miner to work in St David's in 1939 and could show the men where there were gold-bearing veins.
Reference - Www.clogau.co.uk