Is There A Massive U.S. Gold Deposit Hidden In The Chocolate Mountains, California??

Is the U.S. Government hiding a massive gold deposit in the Chocolate Mountains in California?  Well, according to a few top-notch conspiracy theorists, the U.S. Congress passed the Desert Wilderness Protection Act that has cordoned off this vast gold discovery from the public.  Unfortunately, we may never know if this mammoth gold deposit exists due to the clandestine nature of our government… or will we?

In order to set the record straight, I decided to research “The Great Gold Heist” at the Chocolate Mountains and present the facts in a logical and unbiased way.

Recently, one of the more infamous “Gold conspiracy theorists” published the following video titled, Millions of Tons of Secret Gold, Ready to Be Released:

In the video, the author of the Road-To-Roota Theory reads the following from the article, THE GREAT GOLD HEIST:

On October 8, 1994 the biggest gold heist in history occurred, but this theft lacked the melodrama of a Jesse James holdup or the excitement of a Brink’s truck robbery. Nary a word was reported by the media even though this thievery was committed in the light of day. The citizens that were being robbed tried to cry out for help but the lawmen wouldn’t listen because unbeknownst to them they were helping the bandits gain their booty.

The 103rd Congress managed to accomplish more than a gang of train robbers could achieve in a lifetime when they approved the Desert Wilderness Protection Act. “Instead of voting on the Desert Wilderness Protection Act, Congress should be convening a criminal investigation,” said Donald Fife, spokesman for the National Association of Mining Districts. Fife was commenting on recent information that indicates tens of billions of dollars in gold deposits and huge real estate swindles may be the motivating factors behind the act.

Well, it seems as if the corrupt politicians have done it once again and have taken control of a vast amount of resources and wealth for their own use with blatant disregard for the public.  Thus, if it weren’t for these brave souls to bring this information to the public’s attention, we may have never known there was a hidden treasure of gold in them thar Chocolate hills.

To understand more detail of this huge government gold conspiracy, the creator of the video above, continues to read the following text from The Great Gold Heist article:

In the land swap, Catellus Corp. will receive land from decommissioned military bases. One of the bases will be the Chocolate Mountain gunnery range. Unbeknownst to the public, inside the range is the world’s richest gold rift zone. Geologists estimate that the gold contained in this zone is worth between $40 to $100 billion. These are surface gold deposits which are more profitable to mine than the one-mile deep gold deposits in South Africa.

Supposedly, the Chocolate Mountains contains the world’s richest gold rift zone, estimated to be worth between $40-$100 billion.  Furthermore, the surface gold deposits in the Chocolate Mountain are apparently more profitable than the one-mile gold deposits in South Africa.  If true, this has to be one of the biggest Gold Conspiracies ever.

First, let’s consider the amount of gold purportedly contained in the Chocolate Mountains estimated by the geologists in the article.  The geologists stated there was approximately $40-$100 billion worth of gold contained in the world’s richest rift zone located in the Chocolate Mountains.  If we assume an average of say, $80 billion worth of gold in this hidden deposit, this is how much gold would be contained:

$80 billion / $400 0z = 200 million oz (Moz)

200 Moz = 6,220 metric tons (mt)

The price of gold in the mid-1990’s (at the time of the article) was about $400 an ounce.  Thus, there would only be 200 million oz (Moz) of gold contained in the Chocolate Mountains or 6,220 metric tons.  While this is indeed a lot of gold, Nevada has produced 206 Moz of gold since 1978, with the majority coming from just three mines (Goldstrike, Cortez and the Carlin Mine Operations).

So, as we can see, even if there was that much gold in the Chocolate Mountains (which I doubt), Nevada has already produced more gold in the past 40 years.  Also, 6,220 metric tons (mt) of gold is nowhere near a million tons.

Secondly, how about the quality of the gold hidden in the Chocolate Mountains?  While anyone can claim there’s a lot of gold in the ground, it has to be economical to extract and produce.  Going back and listening intently to the video above, we get our answer:

In addition to controlling Catellus, Santa Fe owns and operates the Mesquite gold mine located on the Chocolate Mountain rift zone. The Mesquite gold mine is one of the top ten mines in the United States and has some of the most profitable gold deposits of any mine in the world. To the north is the Chocolate Mountain gunnery range. The Mesquite open pit gold mine literally stops at the fence that borders the gunnery range.

According to the author of The Great Gold Heist article and the gentlemen reading the article in the video above, the Mesquite Gold mine located on the southern flank of the Chocolate Mountains is one of the top ten mines in the United States and has some of the most profitable gold deposits of any mine in the world.

Well, there we have it.  EASY-PEASY.  Or is it?  Fortunately, we can go to the INTERNET and do some fact checking on the Mesquite Gold Mine.  Currently, the owner of the Mesquite Gold Mine is New Gold, not Santa Fe Minerals.  Furthermore, the Mesquite Mine is no longer the top 10 gold mine in the United States; it was ranked 13th in 2015:

As you can see from this USGS table of leading U.S. gold producing mines (for 2015), the Mesquite Mine produced 4.2 mt of gold, approximately 135,000 oz, compared to Barrick’s Goldstrike and Cortez operations which supplied nearly 64 mt of gold (2,060,000 oz).  So, how does the Mesquite Mine compare to Barrick’s or Newmont’s Gold operations?  Not that well, indeed.

If we compare the “Profitability” of the Mesquite Mine to Barrick’s Nevada gold operations, we have the following:

The Mesquite Mine’s “All-In-Sustaining Cost” of $1,005-$1,045 forecasted for 2018 is much higher than Barrick’s Nevada gold operations at $610-$660.  Gosh, look at that…. it’s nearly $400 higher than Barrick’s Nevada operations.  Please remember, All-In Sustaining Costs do not include all costs, but it does at least provide a good comparison between these two mines.

So, we can clearly see that the Mesquite Mine does not contain some of the most profitable gold deposits in the world.  We didn’t even have to look across the entire globe, all we had to do was check the adjacent state of Nevada.

Part of the reason for the higher cost to produce gold at the Chocolate Mountian Mesquite Mine is due to the much lower ore grade.  Here is the comparison of the average ore grade at the Mesquite Mine versus Barrick’s Nevada operations:

Barrick’s Nevada operations average processed gold ore grade in 2017 was 3.5 grams per tonne (g/t) versus 0.32 g/t for the Mesquite Mine.  Basically, Barrick is producing gold at TEN TIMES the average ore grade than that of the Mesquite Mine.  Also, Barrick’s Nevada operations produced 2.3 Moz of gold last year compared to the Mesquite Mine at 169,000 oz.

And to put the final touch on this analysis, New Gold suffered losses for the past three years:

New Gold Net Income 2015-2017

2015 = -$201 million

2016 = -$7 million

2017 = -$108 million

In looking at the data above objectively, the Mesquite Mine is not that impressive and is most certainly not one of the most profitable gold mines in the world.  One more thing.  The Mesquite Mine only has a little less than 1.2 Moz of gold reserve deposits at an average ore grade of 0.51 g/t:

As of Dec 2016, the Mesquite Mine held 1,179,000 oz of gold in their proven and probable reserves.  At current annual mine supply, this should last for approximately 10 years.  And if we go to the New Gold Mesquite Mine Operations website, the mine produced 4 Moz of gold since 1985.  Now how does that compare to Barrick’s Nevada operations that produced over 20 Moz of gold in the past decade?

If we look at the data logically, the Mesquite Mine is at best a subpar gold producer.  Thus, the theory behind THE GREAT GOLD HEIST seems to be more HOT AIR than FACTS.  While there may be some gold hidden in them thar Chocolate Mountains, it’s likely very costly to produce and would need a tremendous amount of capital to set up a large enough mining operation to extract 1-2 Moz per year.  Even if this occurred, it would take over 50 years just to produce 100 Moz.

Lastly, if you continue to believe there are “Millions of Tons of Hidden Gold In the World,” then I would suggest it’s time to believe in Santa Claus and the Tooth Fairy.


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29 Comments on "Is There A Massive U.S. Gold Deposit Hidden In The Chocolate Mountains, California??"

  1. Michael Kohlhaas | July 10, 2018 at 3:58 pm |

    There’s no gold. Do your due diligence: there’s only chocolate. The analysis is so easy. Just look at the name.


    Sometimes in life, you get a chocolate bar

  3. Justin Moore | July 10, 2018 at 7:22 pm |

    Good article based on research. Thank you.

  4. David McCance | July 10, 2018 at 7:51 pm |

    When I watch the Road-to -Roota video on “The Great Gold heist”. I thought how long before SRSROCCO blows a hole in this? It was a lot quicker than I anticipated. Bix always states as gospel anything that he would like to believe with no research.

    • David,

      Unfortunately, Bix’s idea of analysis is the RE-READING of old articles. I gather, he believes if he re-reads an article every month, then it will magically become true. I am quite surprised at the number of people that follow Bix’s work. It just goes to show that HYPE and LOUSY CONSPIRACIES make more sense to the public than FACTS.


      • Paul D Anders | July 11, 2018 at 3:21 pm |

        In all fairness, he’s the one that got me into cryptos. Before you laugh, those same Cryptos paid for one of my houses. I do have to admit that his gold theories are a bit ridiculous at best though.
        Are you two ever going to make peace 🙂

        • Paul,

          If you were able to BUY LOW and SELL HIGH in Cryptos due to Bix, great. However, the Crypto Market turned out to be a massive bubble and should be expressed as such. So, the notion of HOLDLing forever will be a TRAIL OF TEARS.

          Now, as for the gold analysis, that is a different story entirely. If Bix is going to continue to MISLEAD people with faulty information about Grand Canyon Gold and Millions of Tons of gold, then I will also continue to refute such nonsense.

          Interestingly, Bix in his newest video is telling his followers that he is going to do DUE DILIGENCE by visiting some of these areas in the Grand Canyon to prove his theory. He says he will show the remains of the massive steamship.

          Paul, this is pure bollocks. We all know the Steamship is there as I have posted the pictures from a Report that Bix now uses in his videos. Also, the Steamship wasn’t massive, it was small. Furthermore, there were several other prior attempts to mine gold out of the Grand Canyon that ended in Bankruptcy.

          So… to answer your question, when I continue to get people EMAIL me questions on Grand Canyon Gold because someone is putting out erroneous information, then I will continue to SET THE RECORD STRAIGHT WITH FACTS.


  5. Bix has A Beautiful Mind.

  6. I didn’t even know there was a Chocolate Mountains in California; you’d think they would just melt.

    As usual, nice work Steve. Much appreciated.

  7. Reluctant Motorist | July 11, 2018 at 1:03 am |

    Maybe it’s in Rock Candy Mountain.

    • Reluctant Motorist | July 11, 2018 at 1:07 am |

      In the Big Rock Candy Mountains
      You never change your socks
      And the little streams of alcohol
      Come trickling down the rocks
      The brakemen have to tip their hats
      And the railroad bulls are blind
      There’s a lake of stew
      And of whiskey, too
      You can paddle all around ’em
      In a big canoe
      In the Big Rock Candy Mountains

  8. Some infos from Bix Weir:
    = Grand Canyon has a gold deposit greater than the amount of gold ever produced (about 187,000 ton).
    = Alaska’s oil deposit is enough for 200 years of world oil consumption.
    = Satoshi Nakamoto is Alan Greenspan.
    = Global debt crisis will be solved by debt jubilee.
    = Benevolent extraterrestrial reptilians will defeat evil extraterrestrial reptilians and help Earth humans to develop free energy technology (whatever it means).

    • Bukharin,

      That about sums it up for Mr. Weir. It amazes me to no end just how many people follow folks like Bix and believe in the FAIRY TALES. I have no problem with people providing a difference of opinion, but when the FACTS clearly destroy most of these lousy conspiracies… I wonder what is the MOTIVATION behind continuing to regurgitate them?


    • Michael Kohlhaas | July 11, 2018 at 9:01 am |

      Yes, and Alan Greenspan programmed BitCoin in BASIC.

      BTW, Martin Armstrong wants to make believe his forecasting software is superior to everything human kind has seen in history. I saw him showing off his code on tele some time ago. It was BASIC!

      What a bunch of idiots!

  9. You guys think Bix Weir is bad, Karen Hudes who worked as a senior counsel for the World Bank said the US had 107,500 metric tons of gold in the Bank of Hawaii. That was the last interview Greg Hunter from did with her.

  10. So what are you trying to say about Santa Claus?

  11. Bix gets a promissory note for 4 ounces every time he writes up a gold conspiracy article.


    No one with a functioning brain writes down this nonsense. Something else is going on.

  12. Thomas Malthaus | July 12, 2018 at 11:22 am |

    Are you familiar with Committee Bay, Steve? Or is this BS intended to support a stock price?

  13. Gold has no price. It is the price.

  14. silverfreaky | July 13, 2018 at 2:17 pm |

    If you only have the money the gold an silver bugs lose.

Comments are closed.