How to Turn Your Gold Finds Into Cash
March 2020 by Chris Ralph
Even if you are not ready to cash in right now, it might be good to evaluate your options and make a plan of action so when that day comes you know exactly what to do.
This second trip down was a challenge. It started in Colfax on the Stevens Trail, where the distance to the river is four miles with an elevation drop of about 1,000 feet.
There is a unique anticipation that comes with waking in gold country. The long early morning rays bring warmth after a cold night. Restless nights allow thoughts of gold hidden in the ground for too long.
In some ways, silver is the forgotten precious metal because it straddles both the world of precious metals and jewelry, while having many important industrial applications like a base metal. The price of silver reflects both the precious metal investment demand as well as the industrial demand.
The only thing that saved me was talking to a local miner who gave me a “heads up” that private individuals owned all the mineral rights in that section.
As I arrived at my detecting location, I got all my gear and headed up the trail. I had to stop and take in the devastation all around me.
You find yourself with a bucketful of concentrates that you have accumulated over the season and consider the logical next step: to reduce the bucket of cons to a gold bar. Where do you begin?
“What does it take to get into gold detecting?” This may seem like a simple question, but the more I hear it, the more I realize it is a frequent question that needs to be answered.
The Bawl Mill • Ask The Experts -- How do I find the owners of patented property? • Ask The Experts -- Is it worth going after these rare earth minerals? • Ask The Experts -- Will a land mine detector work for gold? • My First Gold Patch • Caught Between A Hard Rock and A Rare Earth Place • The Potholes—California’s Oldest Known Mining District • Sampling for Success—Part I • Over The Divide: Annie Carol Robinson • Gold Prospecting for Better or Worse: If the RV’s a Rockin’, Please Come a Knockin’ • The Mid-Winter Nugget • Gold In The Midwest—Part III: Iowa, Missouri, and Kansas • Trump Proposes $1.5 Billion to Fund US Uranium Production • Mining Stock Quotes and Mineral & Metal Prices • Melman on Gold & Silver