Is There A Gold Shortage?
October 2008 by Scott HarnCoin and bullion dealers confirmed in mid-August that the US Mint was refusing orders from dealers.
As mentioned in last month’s column, California Assemblywoman Lois Wolk attached a rider to the pending budget bill. The rider calls for a new study (Environmental Impact Report) on the effects of suction gold dredging, funding for the study, and a two-year moratorium on suction dredging while the study is being completed.
My interest in gold mining began with a few friends who, knowing that I was a chemist by trade (never mind that I am a biochemist), interrogated me every day at the gringo coffee shop in San Jose, Costa Rica.
Heading north into Tuolumne County on California’s Highway 49—the “Golden Highway”—from Mariposa County, you see few traces of the gold rush days because the largest mining town of the period is now covered by Don Pedro Reservoir. If you slow down and take a careful look, along the shores of the lake are numerous streaks of tailings that mark the mines of the old town of Jacksonville.
This will provide the opportunity to meet with many of the members of Congress in a more informal setting at several meetings, luncheons and dinners. And we have been offered the chance to meet with President Trump’s staff.
Maguire and the traders and companies they represent were all aware of the price manipulation and were all profiting from it, but it became such a regular occurrence that his conscience told him it was time to put a stop to it. That’s when he contacted the CFTC.
Colorado-Utah-Wyoming oil shale was first reliably discovered to contain gold and silver by the U.S. Bureau of Mines in the 1920s. Although most of this vast shale resource, up to 1,000 feet in thickness, contained nil or barely detectable values, many brown shale samples fire assayed here over the past thirty years have yielded up to 0.02 ounces per ton (opt) Au and 2.0 opt Ag.
Silver was discovered in the mountains as early as 1875, but the first “official” discovery was in 1881.
The Bawl Mill • Dredging at Real Del Castillo, Baja • Finding Paystreak Gold With A Metal Detector • General Metals Continues Toward Production • Cedar Rim Opal—Discovery of a Giant Opal Field • "I Got Dusted" • The Trail of ‘98 • Newmont Steps Up For Laid Off Workers • Benton’s Rich Silver • Gold Trader, Employee Charged with Wife’s Killing • Wyoming Governor Pushes for Uranium Study Release • Melman on Gold & Silver • Mining Stock Quotes and Mineral & Metal Prices • California State Open and US National Gold Panning Championships