The Gold Rush
Striking it Rich With the price of gold skyrocketing and no apparent end in sight, many families are joining the gold rush hoping to cash in on their fair share of the fortunes that are being made.
And the truth is that the price of gold can only continue higher as governments around the world print money without any concern for the devaluation of their country's currency.
Of course you have to get lucky enough to find a substantial amount of the shiny stuff but it isn't impossible and can be a lot of fun.
Every now and then, there is a report of a new discovery.
Not too long ago it was reported that a California man who had stopped on the side of a desert highway for a rest, wandered a short way into the desert where he stumbled upon a 9 ounce gold nugget.
The nugget is not for sale but would probably fetch around $15,000.
00 - $20,000.
00 in today's market as a natural gold nugget always commands a premium above the spot price of gold.
Talk about luck! But there are others too.
Just recently in England, a young boy who had received a metal detector as a birthday gift found gold artifacts reported to be worth over one million dollars.
What a nice birthday gift that was! So it is no wonder that moms, dads, aunts, uncles, kids and even grandparents are putting together their gold mining kits and venturing out to their favorite creeks and streams in search of a lucky spot where they can stake a claim.
It usually starts off with a simple pan but as the gold fever grows, so do the prospecting tools.
There are sluice boxes (small and large) which will allow the miner to process a lot more material, enhancing the possibilities of retrieving more gold.
There are mechanical washers which will even help process more material.
And there are dredgers which can get quite expensive, but will process a huge amount of material and increase your odds even further in finding your fortune.
The main thing to remember is to make it an adventure and keep it fun because many times you will come back empty handed and depressed.
But don't despair.
There is nothing like the feeling you get finding your first gold nugget.
It can be a blessing and a curse.
Because now you have gold fever!
And the truth is that the price of gold can only continue higher as governments around the world print money without any concern for the devaluation of their country's currency.
Of course you have to get lucky enough to find a substantial amount of the shiny stuff but it isn't impossible and can be a lot of fun.
Every now and then, there is a report of a new discovery.
Not too long ago it was reported that a California man who had stopped on the side of a desert highway for a rest, wandered a short way into the desert where he stumbled upon a 9 ounce gold nugget.
The nugget is not for sale but would probably fetch around $15,000.
00 - $20,000.
00 in today's market as a natural gold nugget always commands a premium above the spot price of gold.
Talk about luck! But there are others too.
Just recently in England, a young boy who had received a metal detector as a birthday gift found gold artifacts reported to be worth over one million dollars.
What a nice birthday gift that was! So it is no wonder that moms, dads, aunts, uncles, kids and even grandparents are putting together their gold mining kits and venturing out to their favorite creeks and streams in search of a lucky spot where they can stake a claim.
It usually starts off with a simple pan but as the gold fever grows, so do the prospecting tools.
There are sluice boxes (small and large) which will allow the miner to process a lot more material, enhancing the possibilities of retrieving more gold.
There are mechanical washers which will even help process more material.
And there are dredgers which can get quite expensive, but will process a huge amount of material and increase your odds even further in finding your fortune.
The main thing to remember is to make it an adventure and keep it fun because many times you will come back empty handed and depressed.
But don't despair.
There is nothing like the feeling you get finding your first gold nugget.
It can be a blessing and a curse.
Because now you have gold fever!
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