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.
Just as we were sitting down to write this column, a political bombshell was released when Rick Santorum announced he was terminating his efforts to win the Republican Presidential nomination, virtually assuring the nomination will be to Mitt Romney. The remaining candidates, Ron Paul and Newt Gingrich appear to have no realistic chances.
In 1983, some of the ore yielded more than 2,500 ounces of gold within 30 feet of the surface. The shoot pinched to a narrow vein.
Sharp, jagged mountains shot up around me as I slowly bumped my way, in my old Chevy pickup, up the boulder strewn mining road to the Fern Mine. The Fern Mine is situated on the west side of Archangel Creek, where several other hard rock mines once operated.
Because these crevices catch and hold gold so well, it's worthwhile to learn how they form, which ones are good for catching gold and which ones are not.
Here's the kicker—for every lost flake there was a five minute penalty added to the time. Lost gold generally meant you didn't make it past the preliminaries.
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