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Found 29 results

  1. Hi all, some of you have known me for many years as Mlgdave, owner of Goldbay.com and now I also own The Colorado Quartz Gold mine in California and ramping back up to run and mine 140 and 180 feet underground. This week me and my partner worked an old stope and found and extracted a killer piece! (more to come) I am living at the mine full time and should have some good stories and finds for you guys over the next few months/years Mlgdave
  2. I found this picture on a Russian web page. Has anyone seen this before? https://zolotodb.ru/gallery/digger/187
  3. "The universe as we know it shouldn’t exist. Unlocking the reasons why may depend on once again striking gold in a mine buried a mile underground in rural South Dakota.The largest U.S.-based particle physics experiment ever is now under construction in the old mine in Lead, S.D., breathing new life into the small town more than 140 years after the Black Hills gold rush drove its founding. Over the next 10 years, workers will remove more than 870,000 tons of rock and install a four-story high, 70,000-ton neutrino detector, while the lab's Illinois counterpart also undergoes significant renovations. The project will cost more than $1 billion, but scientists hope the payoff from about 12 million neutrinos per second passing through the detector will be far larger, tantamount to striking gold on a universal scale." Read the rest at USA Today Construction Details Here
  4. What Happened to the Gold Price in 1980? "In January 1980 gold hit a record 850 US dollars an ounce. After reaching those dizzy heights it then plummeted down and remained steady in the 300-400 dollar range for some years before starting to climb again to new levels. Now gold has broken through the 900 dollars an ounce gold barrier and some investors and analysts are wondering, is this going to be a repeat of the 1980 gold spike? In fact, there are many differences between the 1980 spike in the gold price and the current rise in gold value, not the least of which is the longer term trend currently occurring. In 1980 gold basically shot up like a bullet out of a gun and then, like a bullet, slowed down and returned to earth." Read the rest of the article at gold price.org
  5. Italian Gold Rush!

    VERMOGNO DI ZUBIENA, Italy — Italy may not be the first place that leaps to mind when you hear the words gold rush. But for thousands of years this neck of the northern Piedmont region, what some call Italy’s Klondike, has attracted prospectors seeking gold flowing down the Elvo River from deposits left eons ago by receding Alpine glaciers. Gold rushes in the area have ebbed and flowed over the centuries, but they have seen a revival in recent, recession-hit years. Increasing numbers of people have been contacting local gold-seeking associations hoping to get rich quick. Rest of the story..... https://www.nytimes.com/2017/06/28/world/europe/italy-gold-rush.html?_r=0 Sample of the Golden Times, magazine of the World Goldpanning Association.
  6. Hi all for some who did not see it here is: its bigger then Texas Hope you enjoy watching. GoldEN
  7. "A giant gold coin bearing the Queen's image, and worth $4m (£3.2m), has been stolen from a museum in Germany. The Canadian coin, nicknamed the "big maple leaf", has a face value of $1m - but because it is 100kg (220lb) of pure 24-carat gold, its value is much higher at today's price for gold bullion. It was taken during the night from the Bode Museum in Berlin." Read the full story here
  8. Looking For Gold

    http://www.sfgate.com/bayarea/article/gold-panning-oroville-dam-storms-erosion-10966360.php
  9. Just an observation. The price of gold as measured in U.S. dollars has been remarkably stable, averaging around $1200 per Troy ounce for going on four years now. This chart was generated at Gold.org starting in July 2013. Click on image to enlarge. Of course the currency used makes a difference. While gold has been stable or even slightly declined in U.S. dollars over the last four years, it has overall been on the increase as measured in Australian dollars. In my opinion rising gold prices have had a lot to do with keeping many of us in the field still metal detecting for gold. In the U.S. and Australia the easy detectable gold has been playing out, and where finds were once measured in ounces per day finding grams per day is now more common. Yet when I started getting serious about metal detecting for gold around 1998 the U.S. price was under $300 per ounce. Back then if I could detect eight ounces of gold in a week and get the full price for it, I would have been looking at around $2400. Now at $1230 I only have to find about 2 ounces of gold in a week to net the same $$2400. Of course a buck is not worth what it used to be, but in my opinion this overall increase in the price over the last 20 years is propping up the electronic prospecting in older, played out regions. And while prices have been stable here the last four years you Aussies have actually seen a bit of increase over the last couple year - that has to help. I wonder how many people would still be out detecting for gold if it was still under $300 per ounce?
  10. Yucky Gold

    http://ottawacitizen.com/news/local-news/egan-170k-in-mint-gold-allegedly-smuggled-in-body-cavity-judge-hears
  11. I stumbled across this Gold ETF fund and need advice before I invest my hard earned moola. Supposedly, this thing is up over 500% for 2016 .They just had a 5 for 1 stock split last month. What exactly is an ETF vs a mutual fund or stock? I know they have a big position in Van Eck Gold mines. Does one have to pay taxes on gains in an ETF before cashing out? I heard mutual funds with gains are subject to income tax at year end even if you don't cash out. That could be rather painful vs buy and hold with an individual stock. Getting less than 1/2 % interest in the bank just isn't very appealing lately. Heck, some banks are charging people a FEE for their Saving Accounts now. -Tom
  12. Solid Gold Mercury Dimes

    The Mercury dime has always been one of my favorite coins. I did not know that the mint had restruck a limited number this year in pure gold to commemorate the 100th anniversary of the issuance of the coin. From http://catalog.usmint.gov/mercury-dime-2016-centennial-gold-coin-16XB.html Introducing the 2016 Mercury Dime Centennial Gold Coin. This is an event 100 years in the making. Beautifully struck in .9999 fine 24–karat gold, the Mercury Dime Centennial Gold Coin features Adolph A. Weinman’s original Winged Liberty design. This gold dime coin is commonly referred to as the Mercury Dime because of Liberty’s resemblance to the Roman god. Each coin contains one–tenth troy ounce of 24–karat gold, symbolic of the coin’s denomination of one dime, and is struck with a business strike finish. The obverse (heads) features a portrait of Liberty facing left, wearing a winged cap, with the inscriptions “LIBERTY,” “IN GOD WE TRUST,” “2016” and the artist’s initials, “AW.” The reverse (tails) includes a Roman fasces and an olive branch, symbolizing America’s military readiness and desire for peace. Inscriptions are “UNITED STATES OF AMERICA,” “E PLURIBUS UNUM,” “AU 24K,” “1/10 oz.,” and “ONE DIME.” Each coin is encapsulated and hand packaged in a custom–designed, black–matte hardwood presentation case and accompanied by a Certificate of Authenticity. In 2016, the U.S. Mint will mark the centenary anniversary of three numismatic icons with the release of the Mercury Dime, Standing Liberty Quarter, and Walking Liberty Half Dollar Centennial Gold Coins. The dime sold out and is now available for resale at up to double the issuance price. The new gold version of the Standing Liberty quarter just went on sale, also in limited quantities at http://catalog.usmint.gov/standing-liberty-2016-centennial-gold-coin-16XC.html?cgid=gold-coins#start=1
  13. Olympic gold medals have not been made out of solid gold since 1912. They are now gold plated silver. Currently a gold medal weighs 500 grams - 6 of those grams are gold and the other 494 grams are silver. The size has varied over the years and the current medal is 85 millimeters or 3.35 inches in diameter. At today's price of US$43.54 per gram for gold and US$0.64 per gram for silver a medal has a theoretical smelt price of US$577.40 Source and more details at http://www.bnd.com/living/liv-columns-blogs/answer-man/article95816867.html and also manufacturing photos at http://www.dailymail.co.uk/news/article-3742729/Why-gold-isn-t-worth-think-Medals-cost-587-haven-t-pure-gold-1912.html
  14. A new titanium/gold alloy has been discovered that is harder than many steels, with promising applications in the medical field. And possibly a factor in gold prices if it comes into widespread use. https://www.rdmag.com/article/2016/07/hybrid-titanium-alloy-could-build-durable-prosthetics http://www.bbc.com/news/science-environment-36855705
  15. There Goes Gold!

    Probably only a few of you have not noticed the upward movement in gold since the first of the year. Starting the year at around $1040 in early January, as I write this gold is at $1367, a 31% increase. I only wish my stocks had done as well! HBC Bank predicts that gold will hit a ceiling of around $1400 in the near term. http://www.kitco.com/news/2016-07-05/HSBC-Ups-Gold-Forecast-But-Sees-Potential-Ceiling-At-1-400-Oz.html I was having lunch with a prospecting friend last week and he was saying he thought gold might hit $1800 next year in 2017. I am of a mind that is less excited, and I think gold may hit $1500 next year. Still, either way, things are getting better and it seems like the bottom of the cycle is over and we are on the way up. What do you gents think?
  16. https://student.societyforscience.org/article/gold-can-grow-on-trees-pointing-rich-deposits-precious-metal-below-ground I was doing some research on Stunted trees as related to possible Plant indicators for gold and came across this website. Eucalyptus trees in Australia found 1 lucky geologist a big gold strike . I was told some trees I found that looked like they belonged in an evil enchanted forest could be indicating a rich mineral deposit close by? The same trees, just 150 feet upstream on this little gully are so stately by comparison, 100+ feet in height and maybe 2 foot thick trunks and thick leaf cover, whereas downstream the Evil trees have thick branches within 2-3 feet of the ground and might be 25 feet tall, short, fat, and UGLY. The gully starts out as black soft mud by the stately trees and is brush covered and dry by the stunted trees. The adjacent fields are gravel and there is a gravel quarry just north maybe 1/4 mile. And a large gravel bottom creek runs thru the area to the nearby river. I haven't been to the area in a long time cause there were hand size paw prints in the sand with 3 BIG toes and following a deer. I am assuming it was a cougar, not a coyote? I didn't feel like being cat food. I don't like guns either. -Tom
  17. Might be time to hold selling gold, but as per norm some analyst's are bullish some are bearish, but 2016 rise so far may be an indication.??????? http://www.gold-eagle.com/article/gold-price-update-14
  18. COLUMBIA, SC By the end of this year, miners expect to begin unearthing potentially billions of dollars in gold north of Camden after nearly a decade of efforts. OceanaGold., an Australian-headquartered company, has cleared parts of its mining site, begun construction of a mill and started excavating mining pits near the town of Kershaw, company officials said. Once work crews scrape away rock that sits atop the gold, OceanaGold will begin extracting the precious metal and processing it in the mill, officials said at a geology conference Thursday in Columbia. OceanaGold should be pulling gold from the first of eight mining pits within eight months, officials said. A tailings waste pond also is under construction. “We went from exploration, where we were employing a hundred people, until now, when the job site is four times busier,’’ OceanaGold’s James Berry told The State newspaper. “We’re getting ready to get to the ore.’’ The company, which led a tour of the site Wednesday for more than 30 visiting geologists, provided a brief update Thursday during the Geological Society of America’s southeastern conference at the Columbia Metropolitan Convention Center. After the meeting, Berry said the company still has plans to mine up to 2 million ounces of gold. The company has located another 2 million ounces that could be mined later. At more than $1,200 per ounce, the value of the gold identified in Kershaw would be nearly $5 billion. Efforts to open the mine began about nine years ago when an exploration company located substantial deposits at the site of the historic Haile Gold Mine, Berry said. But the initiative took years, in part because OceanaGold’s predecessor, Romarco Minerals Inc., had to secure an array of environmental permits. The company’s proposal sparked large community meetings, questions from state and federal regulators, and skepticism from environmental groups. The OceanaGold mine, with pits of more than 800 feet deep, would be the largest mining operation of its kind in the eastern United States. It will extract gold from open pits, but the company also has considered a shaft mine. Conservationists were hesitant to endorse the project because it could destroy as many as 1,100 acres of wetlands and increase the chances that acid would drain from the mining operation into groundwater and streams, as had happened at other mining sites in South Carolina. But Romarco secured its final environmental permit early in 2015 and within seven months had agreed to merge with OceanaGold, which also operates mines in Asia. Many environmental groups backed away from their opposition after Romarco agreed to buy nearly 5,000 acres of land near Columbia and Kershaw for use as nature preserves. The state Sierra Club was the lone holdout, eventually challenging a mining permit. The club settled the case after Romarco agreed to double the amount of cash it would post for an environmental cleanup. Romarco agreed to post $10 million in cash as part of the settlement. Berry said the company today has taken extra precautions to protect the environment, including a system to control acid drainage -- a persistent problem at gold mines across the country. He also said the mine’s economic impact is helping the town of Kershaw. The former textile town had one of the highest unemployment rates in the area at one time. The company has said it expects to employ up to 800 workers through the project’s entire 13-year life Related content Local Read more here: http://www.charlotteobserver.com/newhttps://www.youtube.com/watch?v=lyIq5v1ztDYshttps://www.youtube.com/watch?v=lyIq5v1ztDY/local/article69517272.html#storylink=cpy
  19. Gold Prices

    For those of you just waking up, check gold prices today. As of 8 AM Pacific time, it's up $44 an ounce.
  20. Gold has been pretty steady in the $1200 - $1300 range for around three years now. It seems to have set a strong floor in that range. Now Citigroup is calling for gradually rising average prices going forward. http://blogs.barrons.com/stockstowatchtoday/2015/02/09/gold-miners-cheap-oil-strong-dollar-boon-for-newmont-mining-barrick-gold/?mod=yahoobarrons&ru=yahoo "We remain positive on our gold coverage with Citi’s Commodity team expecting gold to average $1239/oz in 2015, $1260 in 2016 and $1340 in 2017." Actually looks like a reasonable and sensible forecast for once instead of all the hype about $3000 gold or $500 gold.
  21. Dear Ray Schulze, We have just come into written correspondence from the District Attorney of Siskiyou County which is rejecting to prosecute suction dredgers without a permit as a result of the recent Third Appellate published Decision. This should go a long way towards prompting California to establish a reasonable set of regulations and permitting system in time for our 2015 season. Watch for more on this in our November newsletter. I want to thank everyone who has been responding to my requests for more participation in our ongoing fund-raiser which will end this coming Friday with 3 ounces of my gold nuggets to be given away. The really good news is that Jeff Kuykendall, owner of Proline dredges, is so impressed with our efforts, he has offered up one of his brand new Super 4-inch suction dredges as a prize to be used in our New 49'ers Legal fund-raising efforts. That's a $4,800 dredge! Garret Electronics has also offered up a great prize! We are really on a roll! So how about this for an incentive: If we receive 100 or more legal contributions between now and the close of business this coming Friday, 31 October, we will offer the 4-inch Proline dredge as our grand prize in the next legal drawing which takes place on 27 February, along with twenty 10th-ounce American Gold Eagles. Come on, you guys; let's celebrate our our wins by making this the most productive legal fund-raiser we have ever done! You can find out more about the gold nuggets we are giving away this Friday, and how to contribute, by going here: http://www.goldgold.com/klamath-river-gold.html Thanks very much for all your support, you guys! Dave McCracken The New 49'ers Legal Fund 27 Davis Road Happy Camp, CA 96039 The New 49er's, 27 Davis Road, Happy Camp, California 96039, USA
  22. It has now been three years since gold set a record high of about $1900 per ounce. Unfortunately it has been trending downwards ever since. I say unfortunately because it makes it harder for me to make a buck off my gold, but it also impacts the manufacturers and magazines, etc. that survive in an industry largely driven by the price of gold. Exploration dollars are very hard to come buy, and sales of gold mining related equipment are pretty much off across the board. Of course nobody knows what tomorrow might bring, but the big money is betting even lower gold prices, and in some ways that very belief is self fulfilling. There are mountains of money chasing returns in the world these days, but right now gold is not where they are looking to get that return. Still, I have to believe that in a world with a constantly expanding money supply and ever leaner gold supplies the long term prognosis for gold is good. It can however go lower before it goes higher again. Only time will tell.
  23. Like, most people heading to Nevada, Barrick Gold (ABX) is looking to strike, um, gold. It’s one of the few, however, that is actually looking for the precious metal rather than stuffing quarters in a slot machine in Las Vegas. http://blogs.barrons.com/stockstowatchtoday/2014/09/22/barrick-gold-hitting-the-jackpot-in-nevada/?mod=yahoobarrons&ru=yahoo
  24. Many people dream of finding a big discovery, a gold mine that could make them rich. The problem these days is regulations and lawsuits have driven the cost of mining so high you need a really big find to make a go of it. Remote sites with a lack of infrastructure face even bigger hurdles. I was told ten years ago in Alaska that we needed at least a couple million ounces in the ground to be a mine these days. This new article at http://finance.yahoo.com/blogs/daily-ticker/gold-industry--needs-to-get-its-act-together---randgold-ceo-142651501.html I found interesting due to this quote: "In the accompanying interview, Bristow discusses the outlook for finding properties that meet its new standard of at least 3 million ounces of gold reserves at an assumed price of $1,000 per ounce and internal rate of return of at least 20%." Now this is hard rock mining by the big boys but it highlights still the hurdles miners face these days trying to bring a profitable enterprise to market.
  25. There is a case to be made that gold has bottomed. Supply is outstripping demand and we live in a world where ever more money is being created. Paper money is still backed by gold in that you can trade your dollars for gold any time you want. Now may be a good time for that. But the other play is to invest in gold mining stocks, which have suffered greatly as of late. Buying stocks when nobody else wants them does not always work but it does enough to consider. I am not expert in any of the above, and you can always find opinions for any side of this equation. The fact is nobody, even the so-called experts, really knows what is going to happen with gold prices. But here is a short and I think good analysis of three major gold stocks, Barrick, Newmont, and Goldcorp at Motley Fool for your consideration. http://www.fool.com/investing/general/2014/03/06/has-gold-hit-a-bottom.aspx
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