Picks & Pans: Selecting a Gold Dredge
June 2001 by Alan AldermanI have made my living gold dredging for the past 25 years, and I am often asked how someone should choose their first, or next dredge. There are many considerations, and I hope to save you time and aggravation by sharing with you what I have learned.
During the Indian Wars in 1874, General George Custer and his men camped on French Creek in the southern Black Hills, near the present site of Custer, South Dakota. Two of his men found placer gold in French Creek. Word got out, and before long, a party of prospectors arrived. However, the government had signed a treaty with the Sioux Indians to stay out of the Black Hills. This led to prospectors sneaking in and working creeks all over the region at their own risk.
How can I determine if there are precious metals in the groundwater?
Platinum has run to record highs this year, but it’s not a rush of demand for wedding bands that has boosted prices. It’s diesel.
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The first thing a person should do is seriously consider whether they want to go mining as a hobby or a business, and the tax implications of the choice.
October lived up to its reputation as a most unfriendly month for the stock market as hi-tech stocks took a huge battering, the NASDAQ and the Dow were hit by heavy selling and consumer confidence figures plunged.
In other words, just like those that move next to an airport and then complain about the noise, Mr. Riskedahl deliberately went out of his way to “witness and document the effects of suction dredge mining,” and when he found some, he was annoyed by it!
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