There is no question the economy will not always be as good as it is now. There is also no doubt that someday the lack of exploration and the ore in existing mines running out will come home to roost.
If the costs of financing the national debt increase in a manner described in this study, that should, in our opinion, be regarded as a long-term plus for the precious metals.
What today appears to be a “road to nowhere” was once a road to somewhere. At today’s precious metal prices that somewhere can be of great importance to you.
- Senators want you to help to pay California rent
- Someone’s got a bone to pick…
I could see lots of quartz, both loose on the hillsides and in the numerous small prospect diggings. There was a small gold rush here more than a century ago.
The dredge and our gear, with us clinging on to the sides, bounced along until it got hung up on a large boulder in the middle of the river.
The other opportunity that I see is in seeking unusual types of deposits. Specifically, the prospector would be searching for the stuff no one (or almost no one) is searching for. These deposits are effectively hiding in plain view.
The father-son duo spent years combing this bit of Pennsylvania wilderness with high-end metal detectors, drills and other tools to prospect for a fabled cache of Civil War gold.
The gravels in contact with the bedrock or false bedrock base are often the richest. The same facts apply to the alluvial paystreaks that are formed on gravel bars; the lowest level of the gold-bearing gravel is normally the richest.
During discussions with other property rights advocates and members of the current administration, Karen Budd-Falen’s name was mentioned many times as a possible director for the Bureau of Land Management (BLM).
This was two days of gold panning, with just over 250 gold panners trying to win a medal to show they were one of the best of the best.
It appears that market softness due to a slowing Chinese economy may already have affected precious and base metals quotes.