Even with my favorite top-of-the-line gold detector there were several false digs. Many of the hot rocks gave a solid signal that was too much like a nugget to ignore. After trying several tests I just dug everything because it is better to be safe than leave a big, deep nugget for a more diligent gold hunter.

In terms of gold and silver, if this mountain of unbacked debt, now reaching several trillions of dollars, Euros, Yen or other currencies begins to truly collapse into an inflationary spiral, we will witness the onset of the mother of all precious metals bull markets.

The old timers typically washed these areas down to bedrock, and some areas appear terraced. I would imagine this is because these hydraulic mines were generally where the miners found old Tertiary river channels on the sides of mountains that were gold-bearing.

I recently had the opportunity to spend a day exploring around Butte, Montana and was amazed by the amount of mining that has taken place there. The old-timers called Butte “the richest hill on earth” and had pretty good reasons for doing so.