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Thread: Gold royalty law?

  1. #1
    Join Date
    Mar 2009
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    11,757

    Default Gold royalty law?

    A 151 year old law may change.

    Currently there is no law on royalties from the gold and copper extracted on Federal Land in the USA.

    One of the few countries that doesn't have that sort of system. Currently it is more like a lease hold.

    https://www.msn.com/en-ca/travel/new...f64c4e80&ei=35

    We have a royalty program up here in Canada, but I'd like to see a few changes. Right now royalty fees go into general revenue. I'd like to see the companies pay in gold ingots that the Treasury can tuck away. Copper mines could elect to send in silver ingots as most copper mines end up with silver as a by-product. Just my 2 cents.

    If you reply and share your thoughts, please don't turn this into a Biden/Trump political drama.

    Do these minerals and precious metals belong each person in the host country? I'd say yes they do.
    Last edited by digbird; 09-13-2023 at 05:44 PM.
    ...be your own Health Care System... grow your own and eat well

  2. #2

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    The federal law governing locatable minerals is the Mining Law of 1872 (May 10, 1872), which declared all valuable mineral deposits in land belonging to the United States to be free and open to exploration and purchase.


    Under fire but, still stands. I had some claims on Split Estate turf....a logistic quagmire
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  3. #3

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    Under New York State law since the 1700's, all gold found in the state of New York belongs to the state of New York. Period. So finding a gold mine in NY is about as rare as unicorns.

    See: https://raregoldnuggets.com/?p=329
    Do your own due diligence

    I stand united with my friends & family in Canada who seek freedom.

  4. #4
    Join Date
    Mar 2009
    Posts
    11,757

    Default

    Thanks for the input LongDon.

    Sounds like they are trying to update really old laws or statutes.
    ...be your own Health Care System... grow your own and eat well

  5. #5

    Default

    Quote Originally Posted by digbird View Post
    A 151 year old law may change.

    Currently there is no law on royalties from the gold and copper extracted on Federal Land in the USA.

    One of the few countries that doesn't have that sort of system. Currently it is more like a lease hold.

    https://www.msn.com/en-ca/travel/new...f64c4e80&ei=35

    We have a royalty program up here in Canada, but I'd like to see a few changes. Right now royalty fees go into general revenue. I'd like to see the companies pay in gold ingots that the Treasury can tuck away. Copper mines could elect to send in silver ingots as most copper mines end up with silver as a by-product. Just my 2 cents.

    If you reply and share your thoughts, please don't turn this into a Biden/Trump political drama.

    Do these minerals and precious metals belong each person in the host country? I'd say yes they do.
    I don't see it as a Biden/Trump thing, I am more inclined to see it as a government maturing into an oppressive, everything is ours and we will allow you to keep what we determine you are allowed to keep thing.

    The fact. Is NY is covered by glacial deposits, so much of what you would normally find in exposed hard rich is covered by glacier lorraines. Much of the surface rocks are rocks from very far away and it would just be a stroke of luck to find a gold nugget in a hunk of transported quartz..
    Last edited by t00nces2; 09-16-2023 at 05:39 AM.
    Now there's no more oak oppression
    They passed a noble law
    Now the trees are all kept equal
    By hatchet, axe and saw.

    I will not comply.

    The Tea Party... quietly plotting to take over the world,
    and leave you the hell alone!

  6. #6
    Join Date
    Mar 2009
    Posts
    11,757

    Default

    Thanks for all your views and replies folks.
    ...be your own Health Care System... grow your own and eat well

  7. #7

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    I kind of liked having the last vestibul of finders keepers. The old law worked...so seems the current mantra is...if it ain't broke fix it anyway.
    I am not a proponent of that mantra. And as for the New York bit, well, states soveregnty should prevail as it apparently does in this instance....sorry for y'all
    who are stuck in that taxation/control regulation cesspool
    Thomas Jefferson is credited with writing, “When injustice becomes law, resistance becomes duty.” The seceding states in the Civil War period issued a similar declaration using the word “tyranny” as opposed to “injustice.”

  8. #8
    Join Date
    Sep 2023
    Posts
    1

    Default

    Under New York State law since the 1700's, all gold found in the state of New York belongs to the state of New York. Period. So finding a gold mine in NY is about as rare as unicorns.

    See: https://raregoldnuggets.com/?p=329 geometry dash lite
    I agree with you

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