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Gold Price Hits an All Time High

Tuesday, October 6th, 2009 at 10:59 pm  
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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.

Let’s discuss it on the Gold Prospecting Forum.

Gold Dredging Banned in California

Friday, August 7th, 2009 at 2:49 am  
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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.

Pop Quiz

Saturday, July 19th, 2008 at 8:46 pm  
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How many modern placer miners have actually Read the 1872 Mining Law?

{democracy:4}

White’s New Pulse Scan TDI PI Metal Detector

Friday, May 16th, 2008 at 3:43 am  
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Just a heads up to all. The new White’s Pulse Scan TDI metal detector has been released with a price point of $1599.00 Hopefully it will live up to the task and provide some decent competitiveness to to the PI gold detector market! See Pictures of the Whites PI here… Pics It’s supposed to be able to use all the standard aftermarket coils as well as the one you see in the photos.Join the discussion at our Whites TDI forum Post. Whites Forum Discussion

 

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