The Imaginary Gold Mines of Kansas There are no gold mines in Kansas, but that reality did not faze investors who imagined huge gold deposits on the Kansas plains.
Bre-X, Indonesia In the 1990s, some Canadian promoters claimed that their mineral concession in Indonesia contained one of the world’s largest gold deposits.
Mississippi Bubble One of history’s most famous financial manias gripped France in the early 1700s. It was based on a phony assay that supposedly found rich silver ore in what is now Illinois.
The Baron of Arizona A forger fabricated an old Spanish land grant and a phony family tree that would make him the Baron of Arizona, and owner of all the rich mines at Globe, Clifton-Morenci, Silver City, as well as the city of Phoenix.