Nuggetnomics """"A bidder has paid $460,000 for a roughly 8-pound gold nugget found in Northern California's Gold Rush country.Marx, Karl himself opposed the...jewelocracy (not to say royals of all sorts, whether christian, jew or mahometan). He had read his ....Diderot & Co.
Spectrum Numismatics came away with the nugget on Wednesday after a feverish two minutes of bidding at the Golden West Auction in Sacramento. The company was bidding on behalf of an anonymous buyer.
What may be the biggest California gold nugget in existence was found in the unincorporated town of Washington in Nevada County last March with a metal detector..."
Marx/Grundrisse: ""Among all the peoples of antiquity, the piling-up of gold and silver appears at first as a priestly and royal privilege, since the god and king of commodities pertains only to gods and kings. Only they deserve to possess wealth as such. This accumulation, then, occurs on one side merely to display overabundance, i.e. wealth as an extraordinary thing, for use on Sundays only; to provide gifts for temples and their gods; to finance public works of art; finally as security in case of extreme necessity, to buy arms etc. Later in antiquity, this accumulation becomes political. The state treasury, as reserve fund, and the temple are the original banks in which this holy of holies is preserved. Heaping-up and accumulating attain their ultimate development in the modern banks, but here with a further-developed character. On the other side, among private individuals, accumulation takes place for the purpose of bringing wealth into safety from the caprices of the external world in a tangible form in which it can be buried etc., in short, in which it enters into a wholly secret relation to the individual. This, still on a large historical scale, in Asia. Repeats itself in every panic, war etc. in bourgeois society, which then falls back into barbaric conditions. Like the accumulation of gold etc. as ornament and ostentation among semi-barbarians. But a very large and constantly growing part of it withdrawn from circulation as an object of luxury in the most developed bourgeois society. (See Jacob etc.)  As representative of general wealth, it is precisely its retention without abandoning it to circulation and employing it for particular needs, which is proof of the wealth of individuals; and to the degree that money develops in its various roles, i.e. that wealth as such becomes the general measure of the worth of individuals, [there develops] the drive to display it, hence the display of gold and silver as representatives of wealth; in the same way, Herr v. Rothschild displays as his proper emblem, I think, two banknotes of £100,000 each, mounted in a frame. The barbarian display of gold etc. is only a more naive form of this modern one, since it takes place with less regard to gold as money. Here still the simple glitter. There a premeditated point. The point being that it is not used as money; here the form antithetical to circulation is what is important....................."