đ Worldâs Largest Gold Nugget: The Legendary âWelcome Strangerâ
On February 5, 1869, a routine gold dig in Moliagul, Australia turned into history. Prospectors John Deason and Richard Oates uncovered the Welcome Stranger, still recognized as the largest alluvial gold nugget ever found.
Key Facts:
⢠đ Location & Date: Moliagul, Victoria â February 5, 1869
⢠âď¸ Weight: ~72 kg (158.7 lbs); so large it had to be broken apart to be weighed
⢠đ° Value: At todayâs gold prices, the gold alone would be worth over $5 million USD
Expert Insight:
The Welcome Stranger discovery highlights a timeless truth for investors: true value is often scarce, physical, and discovered when least expected. This scarcity is why gold continues to hold long-term store-of-value status even in modern markets.
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