The gold price hit an all time high today of $1045, closing at $1039.50, still over and above the previous record high of $1032.70 reached in March 2008.
I tend to think it’s going to hover and then drop, similar to the way it did last time around. Who knows though? It could just keep going and going.
For myself, I’m glad that I still hold plenty of nuggets. It’s not really a great time to unload nuggets, but it’s a good time for the patient seller.
I don’t know how many of you have noticed, but lately, prices on the Minelab GPX4500 metal detector have just gone through the roof. Apparently, due to gold prices (Today the gold price hit an 18 month high), the interest in these detectors is soaring to the point that they are on worldwide back order to the tune of over 1000 detectors.
I guess the metal detector are rarer than gold itself these days. Metal detectors on Ebay are listing for as much as $8000 or even more.
Gerry’s Detector sales even has an Ebay auction for a lot of 10 detectors for $45000. You’ll have to wait on those though, at least a “few weeks”.
Hmmm. Maybe I should get a Dinner with Sarah Palininstead. It’s cheaper, but I don’t know if I’d pass the background check and my detector would probably be deemed to big to bring for her to sign. Maybe a coil?
All I know is that a brand new SD2100 is starting to look really appealing. Afterall, if you can’t get the latest and “most advanced”, you might as well go for “the best”.
SB 670 has passed and due to a two thirds urgency vote is effective immediately now that Gov. Schwarzenegger has signed it. So, for now, no more suction dredging in the state of California.
This ban will be in effect until the Department of Fish and Game can complete a study on how much it harms salmon.
Proponents of the bill wish to restore salmon and steelhead runs and claim that dredging sucks up salmon eggs and dislodges settled mercury.
I believe that the dredges collect more mercury than they “stir up”. I also believe this is the last day anyone legally suction dredges in California. Once they get it, it never comes back.
What do you think about all this and what will the ultimate outcome be. Login or register and leave a comment.
Really nice video and nugget find with the White’s TDI. Nugget comes from the La Paz area near the Colorado River. Yes, you can find a nugget with the White’s TDI.
