What is salting the mine?

"Salting the mine" is a fraudulent practice that involves scattering a certain amount of gold, silver, or other valuable minerals in an otherwise worthless mine. This is typically done to convince prospective investors or buyers that the mine is rich with valuable minerals and therefore worth investing in.

The practice dates back to the 1800s during the gold rush in California and continues to occur to this day. In some cases, the salted mine may have shown some promise in the past but has since dried up, making the practice more difficult to detect.

Salting the mine is considered illegal and unethical, and those caught doing so can face serious legal consequences. As such, it is important for investors to thoroughly research any mining opportunity before investing their money.