Wednesday, April 3, 2013

4/3/13 Report - Treasure Coast Gold Ring Find, Pizarros Men, US Galatin & More

Written by the TreasureGuide for the exclusive use of

14K Gold Ring Detector Find This Morning
I went on a little hunt this morning at one of those out of the way places where not too many people go. 

There are places where everybody hunts, and then there are places that are seldom detected.  The seldom detected places might not have the largest number of sun bathers or might not be one of the top treasure beaches, but they can still be productive.

I've talked in the past about going outside the box.  That is true in a couple of ways.  Most people detect in a relatively well defined area where most of the sun bathers go or near a shipwreck site where treasures are known to have been found. 

If you go a little farther than that area or think of another type of place where most people don't detect, you think outside the box and then move outside the box.

That is what I did today.  I spent a little time at a spot that isn't hunted too heavily and where not many people go.

Remember, just because people don't go there now doesn't mean they never did.  Some areas that were heavily used in the past aren't used hardly at all now.  I like those kinds of spots.

I also like spots where the dunes are sheltered so that they get the waves at a different angle.  As a result, when most other places aren't eroding, they might be.

If you know the beach angles and obstructions, you can predict fairly well when one of those hidden areas will be eroding.

Anyhow, I found a number of greenies today (I don't know what might be in them yet, although I suspect nothing but clad.), and the above gold ring.

It was well worth the hour or so that I spent.

The above ring once had a nice stone, but it was gone when I dug it up.  I sifted through the sand to see if I could find the stone, but couldn't,  You usually can't, but it is worth the effort.  I once did manage to find a stone that was missing from a dug ring.

Any ideas on yesterday's mystery objects?  Let me know what you think.

Pizarro hit the jackpot when he conquered the Incas and stole their gold. During a four-month period, March to July of 1553, the conquistadores melted down 40,000 pounds of Inca jewelry, art, tableware and religious items. 20% was sent back to the King of Spain. The rest was divided among the 168 conquistadores.

It was a bloody business – killing thousands of unarmed Incas at Cajamarca, for example. But it paid well. The horsemen in the group each got 90 pounds of 22.5 carat gold plus 180 pounds of silver. If they had just put the gold in a safe place, to be dug up by a distant descendant in the 21st century, the fortune would be worth about $2m. 

Those two paragraphs are from the following linked article that discusses the historic price of gold.

The price of gold has been trending down for most of the last three months despite the threat of the government of Cyprus to take money from depositor's bank accounts to pay for government debt.  I feel certain they would try the same thing in the US if they thought they could get away with it.

The attitude around the world seems to be that it is fair for savers to pay the debts of debtors.  Debtors spend and enjoy whatever they bought, and then the savers who were careful not to buy more than they could pay for, have to pay for what the debtors freely bought.  It would seem to me that that policy encourages people to go in debt rather than be frugal, and then rely on someone else to pick up the tab. 

Actually, they are already taking the money of savers in the US in a more tricky way.  They manipulate the interest rates down to almost nothing and you get a negative return after inflation and other factors are considered, so the government can pay off their debts, thus robbing those who have saved for retirement or whatever.

The two italicized paragraphs above are excerpts from the following article and are part of the explanation of why people should consider owning gold instead of putting all of their money in the bank.

It is well worth reading.

Good article.

A search is being conducted in Charleston harbor for the US Galatin, which sunk during the War of 1812.

Here is the link to that article.

It's been tough.  We still have 1 - 2 foot surf.  The wind is from the south.  And we also have beach renourishment to deal with.

It might pay to think outside the box.  It is challenging out there.

Low tide was around 8:45 AM today.

Happy hunting.