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A Few Reminders About Fraud
August 2004 by Staff
Some calls from subscribers and advertisers over the past few months have prompted us to remind both buyers and sellers to be wary of fraudulent activity in the prospecting and mining industry.A Primer on Bitcoin and Other Cryptocurrencies
Some financial commentators have speculated that bitcoin and other virtual currencies have captured a portion of funds that would have been invested in gold. I find it a bit ironic that people who invest in precious metals would even consider another fiat currency.
New Regulations for Major Precious Metal Dealers
The Bush administration, in its latest effort to nab drug lords and terror financiers, will require major dealers in gold, diamonds and other precious metals and gems to set up comprehensive programs to combat money laundering, announced the Treasury Department.
Legislative and Regulatory Update
• New California suction gold dredging regulations released—and they are just as bad as we predicted
• Dredgers file US Supreme Court response in Oregon case
• Washington State pushes same suction gold dredging narrative
• Pentagon reverses decision on rare earth projects
The Vore Mine
The price of gold has certainly raised some eyebrows and has prompted some new prospectors onto the scene. They are faced with the same problem that we old timers have—where to find the gold.
Legislative and Regulatory Update
- PLF files petition with US Supreme Court on behalf of Oregon miners
- Land and Water Conservation Fund abuse by Forest Service
- Army asks for REE proposals
Paleoplacers in the Black Hills
The Black Hills of western South Dakota are domal mountains that rise to 7,242 feet near Mt. Rushmore National Monument. Annual precipitation reaches 28 inches, enough to support winter sports and pine forests.
Gold Prospecting for Better or Worse: All Shook Up
It said to put a number of different-sized nuggets in a jar, and then cover them with the magic cleaner fluid. Then, vigorously shake the contents for a couple of minutes.
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The Bawl Mill
• Lawsuit to Challenge New Forest Service Regulations
• Gold in Utah Laccoliths
• Where Do I Begin?
• Looking Back
• Mine President Seeks Opinions From Peers
• Over The Divide
• Picks & Pans: Miner Finds Heart of Gold
• Company Notes
• Canadian Arrow Tries Different Approach
• Greenstone
• Experts Forecast Rising Prices for Gold, Silver
• Mining: Doing it Right the First Time
• Prospectors & Treasure Hunters Find Gems
• The Golden Highway—El Dorado County
• Melman on Gold & Silver
• Mining Stock Quotes and Mineral & Metal Prices