High Prices Spark New Gold Rush In California

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First Posted: 03-29-08 09:35 AM   |   Updated: 04- 6-08 05:12 AM

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Financial Times:

It has been almost 160 years since the first California gold rush but, with prices hitting record highs, prospectors are once again flocking to the state's rivers and deserts in search of the precious metal.

Gold's ascent - prices crossed the $1,000 an ounce barrier this month and remain well above $900 - has sent sales of mining equipment soaring.

Read the whole story: Financial Times

It has been almost 160 years since the first California gold rush but, with prices hitting record highs, prospectors are once again flocking to the state's rivers and deserts in search of the precious...
It has been almost 160 years since the first California gold rush but, with prices hitting record highs, prospectors are once again flocking to the state's rivers and deserts in search of the precious...
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- Ishmael1 I'm a Fan of Ishmael1 19 fans permalink
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If you're thinking of heading for Californey to pan out your pile, you might want to investigate our brotherhood to find a grubstake:

http://en.wikipedia.org/wiki/E_Clampus_Vitus

As a fourth-generation Native Californian who lived in Grass Valley, Ca. and roamed the Sierra Nevadas as a kid, I knew some of the old prospector brothers of this order and became a brother of equal indignity myself some 15 years ago. Grass Valley, for the uninitiated, was home to this gold mine, the richest in the Mother Lode:

http://en.wikipedia.org/wiki/Empire_Mine

So I leave you with our credo, brought back by our Capitulus Redivivus, The Perpetual Noble Grand Humbug of Skunk's Misery, California, Brother Carl Wheat,

"Credo Quia Absurdum"

There is only one Wheat. The rest of us are merely chaff.

http://img505.imageshack.us/img505/527/dumbilicusecvlogoaj1.jpg

    Favorite    Flag as abusive Posted 02:08 PM on 03/30/2008

If I'm Starving, I won't give You Shit for that Rock! Or that Piece of paper- becasue it is all an Illusion. Now that Apple, I might consider bartering with anything I own, tha tyou may want (except my Dogs- but then again I may have them on next weeks menu -if shit gets really bad)
Instead I am learning to grow veggies & fruits in my back yard. I'm learning more about self sufficency, How to walk away from Crap I don't need (no matter hwo much the Media tells me 'it's a must have' )
So Keep Your Rocks and your little pieces of paper- If that's all you have to offer should the bottom fall Out (Which is why your are investing in rocks to begin with-damn near there)- You are going to be VERY hungry. Too Bad so Sad- pay Backs a Bitch!

    Favorite    Flag as abusive Posted 12:39 PM on 03/30/2008
- WIpatriot I'm a Fan of WIpatriot 36 fans permalink
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PG, when you run out of dogs to take to the market to trade for an apple, you'll think twice on the subject of money.

    Favorite    Flag as abusive Posted 10:30 PM on 03/30/2008
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I guess I am going to have to start guarding

my 160 acre gold claim in Southern Oregon

    Favorite    Flag as abusive Posted 09:23 PM on 03/29/2008
- Wiredwilly I'm a Fan of Wiredwilly 23 fans permalink

Unfortunately Khrushchev was correct when he said, " Americans are the most gullible people on Earth". In 1913 German Banker Paul Warburg devised the Federal Reserve to rob YOU blind and started charging the American taxpayer interest on their own money which has been collected as an income " tax ". Then to compound the insult, in 1932 his son Felix Warburg convinced Roosevelt to confiscate all of America's Gold. It was made illegal for YOU to own Gold. They sent most of it to Hitler in 3 shipments in 1933. Gold at that time was $ 20.00 an ounce. Now that most of America's Gold reserves are in the hands of European Bankers stashed safely in Switzerland or under the Federal Reserve Bank of New York and selling at $ 970.00 an ounce, flocks of virtually bankrupt suckers start panning for Gold in California . What a laugh. It's like some guy who has been robbed of his life savings, had sand kicked in his face, and is found crawling around the streets looking for pennies because the price of copper has soared.

    Favorite    Flag as abusive Posted 05:47 PM on 03/29/2008
- Podewumun I'm a Fan of Podewumun 32 fans permalink

Is the GD Huffington Post moderation staff going to post comments, or not?

    Favorite    Flag as abusive Posted 01:38 PM on 03/29/2008
- tililek I'm a Fan of tililek 4 fans permalink

Prospectors have never stopped looking. Its just that there are a number of newcomers who don't often know what their doing, and manage to get in everyone's way.

    Favorite    Flag as abusive Posted 12:51 PM on 03/29/2008
- Podewumun I'm a Fan of Podewumun 32 fans permalink

Now that the cost of flour, eggs, fruit and any other ingredient you'd put in a pie has skyrocketed, nice to know there's still a use for my pie pans.

    Favorite    Flag as abusive Posted 12:30 PM on 03/29/2008

Time to check my dead friends and relatives for gold crowns----the ones that had teeth.

    Favorite    Flag as abusive Posted 12:27 PM on 03/29/2008
- Rule Of Law I'm a Fan of Rule Of Law 162 fans permalink

abbie, that is really gross, lol!

    Favorite    Flag as abusive Posted 12:01 AM on 03/30/2008

Yeah, I'm having a moment. I've been having them since first grade with the nuns in Catholic School; it will really raise Cain with your psyche. Raise Cain---that's funny. Yeah.

    Favorite    Flag as abusive Posted 09:40 PM on 03/30/2008
- gcallaghan I'm a Fan of gcallaghan 52 fans permalink
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Some years ago, a cousin had a small weekend ranch in the Sierra foothills. The driveway was graveled by a local company and we found gold dust flakes in it. At the time, there wasn't any money to be made in separating and extracting it from the rocks. At $1,000+ an ounce, you can be sure none is missed these days.

    Favorite    Flag as abusive Posted 10:30 AM on 03/29/2008
- WIpatriot I'm a Fan of WIpatriot 36 fans permalink
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Ha, another use for gold that nobody has thought of, yet...lol.

    Favorite    Flag as abusive Posted 09:21 AM on 03/30/2008
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