The St. Louis Gold District
February 2009 by Chris RalphA large number of small streams drain the region and nearly every one of those creeks, streams, gulches and other drainages in the area holds some gold. The streams with water offer opportunities to dredgers, panners and snipers.
Let’s take a look at diamonds and diamond mining and see how they form, how they are used beyond just jewelry, and what leads geologists to find diamond deposits.
Leon has a reputation of seeing more snakes than most other gold miners. The fire red and yellow concentric rings of the mountain king snake looked especially bright in the morning sun as it lay motionless on black rock. Leon touched it with a stick, but the cold snake moved only a little.
• Environmentalists are missing a golden opportunity
• Special-use authorization not needed
Many miners who have hoarded their gold for years are now tempted by higher prices. Several friends with multiple pound nugget collections have sold them recently for cash.
As we have repeated quite often, rising inflation—or, more particularly, the expectation of rising inflation—has historically been perhaps the most important ingredient of all in past precious metals bull markets.
Our initial thought is simply this: why create these artificial currencies, unbacked by any material wealth, when the two items that worked so well century after century—namely gold and silver—are still fully available?
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