2006 US Gold Panning Championships
July 2006 by StaffThis year’s US Gold Panning Championships were held in Gold Bug Park, in Placerville, California. The competition site was set in the park’s pavilion among the trees and adjacent to the stream that runs through the park.
It was one of those awkward situations as we walked, fatigued and too thirsty to speak a word.
This past month has been filled with headline-grabbing news events and, for a change, it was not only politics that dominated those news stories, but rather financial markets themselves, with gold and mining shares grabbing a major share of attention.
After years of negotiations between environmentalists and industry groups, observers say efforts to reform the 1872 Mining Law may finally pick up steam in Congress.
Many well-equipped prospecting or mining operations, those with adequate, up-to-date equipment, have discovered a secret: Uncle Sam, in the form of our tax laws, is eager to pick-up a portion of the tab for acquiring and modernizing the equipment necessary to operate a successful mining operation business.
Occurrences such as these have proven, time and time again, that gold possesses the attribute of maintaining significant value over time, something that cannot be said of unbacked, fiat paper money where every such issuance has eventually deteriorated throughout history into virtual worthlessness.
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