When The Mormon Church Invested in Southern Nevada Gold Mines
March 28, 2018During the worst economic depression in the history of the United States up to 1929, that of the 1890’s, the highest leaders of the Church of Jesus Christ of Latter-day Saints, along with several other church members, purchased a cluster of promising mines and claims in Nye County, Nevada. Desperate for funds after a decade-long judicial onslaught by the federal government, which included confiscation and misuse of church property, the church saw this gold mining enterprise as a good way to recoup church financial security.