One of the more lustrous treasures found in Greenland is gold.
Similarly, deposits of coal, diamonds, and many metals – including silver, nickel, platinum, copper, molybdenum, iron, niobium, tantalum, uranium, and rare earths – are known to exist, but not yet in commercially viable deposits.
Quartz-gold mineralization here has been dated to 1.77 to 1.80 billion years ago (late Paleoproterozoic), during the Ketilidian Orogeny.
Gold veins run up the sides of mountains.
MINEX – No. 22 – March 2002 – Greenland Mineral Exploration Newsletter
GEUS – Geological Survey of Denmark And Greenland in co-operation with
Bureau of Minerals and Petroleum, Greenland Government
Gold is even found in stream sediments.
Metallogeny of South Greenland:
A review of geological evolution, mineral occurrences and geochemical exploration data
Agnete Steenfelt, Jochen Kolb, Kristine Thrane
Ore Geology Reviews – No. 77 – Feb 2016
So I guess it should come as no surprise that the Middle and Eastern “Norse” settlements coincidently align with some of the richer gold sediments.
This might explain why the “Farm” Beneath The Gold Sediments wasn’t relocated after numerous inundations i.e. the ”farmers” were panning for gold.
Furthermore, if the Farm Beneath the Sand was first established in 985 AD then it is extremely strange that the inhabitants didn’t decide to relocate the farm because the calibrated radiocarbon evidence suggests the farm was subjected to repeated flooding and burial under sand from 1040 AD [and most probably earlier].
Within the context of the Old Japanese Cedar Tree chronology it seems likely that the decline of the Dorset culture in Greenland occurred between Arabian Horizon and the Arabian Hiensohn as the great Greenland Ice Sheet expanded northwards.
This suggests that the infamous “debasement” of the Roman currency was primarily triggered by a massive [upward] revaluation of precious metals caused by a fundamental lack of raw materials.
The exact reason that Roman coinage sustained constant debasement is not known, but the most common theories involve inflation, trade with India, which drained silver from the Mediterranean world, and inadequacies in state finances.
It is clear from papyri that the pay of the Roman soldier increased from 900 sestertii a year under Augustus to 2000 sestertii a year under Septimius Severus and the price of grain more than tripled indicating that fall in real wages and a moderate inflation occurred during this time.
Another reason for debasement was lack of raw metal with which to produce coins.
Perhaps it’s time to ponder the possibility there was once a Great Greenland Gold Rush.