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Thread: The gold rush returns to California...

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    Exclamation The gold rush returns to California...

    The gold rush returns to California... Demand for gold has risen in recent years. Not everyone is happy about that, especially some residents of Grass Valley.


    NewBrunswick-silo-zoom_crop.jpg

    On the outskirts of the northern California town of Grass Valley, a massive concrete silo looms over the weeds and crumbling pavement. Nearby, unseen, a mine shaft drops 3,400 feet into the earth. These are the remains of Grass Valley’s Idaho-Maryland Mine, a relic from the town’s gold mining past. Numerous mines like this one once fueled Grass Valley’s economy, and today, Gold Rush artifacts are part of the town’s character: A stamp mill, once used to break up gold-bearing rock, now guards an intersection on Main Street, and old ore carts and other rusty remnants can be spotted in parking lots and storefronts around town.


    Gold still exists in the veins of the abandoned mine, and Rise Gold, the mining corporation that purchased the mine in 2017, has reason to believe that reopening it makes financial sense. When the mine shut down in 1956, it wasn’t because the gold was drying up; it was because of economic policy. The 1944 Bretton Woods Agreement had established a new international monetary system to create stability in exchange rates. As part of the effort, the price of gold was fixed at $35 per ounce. Gold mining became unprofitable in the U.S.


    Today, the price of gold is no longer fixed, and prices have risen in response to the economic uncertainty wrought by Covid-19. At the start of the pandemic, the Federal Reserve lowered interest rates in an effort to stimulate the U.S. economy and encourage borrowing money. But those record-low rates decreased the returns on bonds and savings accounts, making gold a relatively more attractive business investment.


    Rise-Equipment-Centennial-Site_2000.jpeg


    NoMine-East-Bennet_2000.jpg


    https://undark.org/2022/01/24/the-go...tm_source=digg
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    I think people looking for gold will trump the green weenies.
    ΜOΛΩΝ ΛΑΒΕ


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    Geologists estimate that 80% of the gold in the Mother Lode is still in in the ground.
    Cutesy Time is OVER

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    The problem is that many of these groups are created solely for the task of legal extortion. When you pay them then they go away to create a new group to attack the next site. The formation of individual groups gives them the appearance of being grassroots community groups.

    The environmental studies look good with little more than rock and sand being produced in the tunneling that will be used as fill.

    https://www.risegoldcorp.com/corporate
    Let's go Brandon !!!

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    Quote Originally Posted by countryboy View Post
    Geologists estimate that 80% of the gold in the Mother Lode is still in in the ground.
    I have been to the original gold rush country, Sutters Mill and all that. While the land along the rivers surface is very much played out the Sierra Nevada mountains are vast. You can bet there is plenty more Gold in them somewhere if you can find it!
    My Revenge will be Success! - Donald J Trump

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    Quote Originally Posted by RMNIXON View Post
    I have been to the original gold rush country, Sutters Mill and all that. While the land along the rivers surface is very much played out the Sierra Nevada mountains are vast. You can bet there is plenty more Gold in them somewhere if you can find it!
    If you look at the pictures of their core samples then they already found it. But they have to go down another 1/2 mile from the old mine for much of it.
    Let's go Brandon !!!

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    Who cares about gold? Ever try to eat it? What about clothes made from gold. I know it is the look that is desired. Stupid people doing stupid $#@!.

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    Quote Originally Posted by Mechanic View Post
    Who cares about gold? Ever try to eat it? What about clothes made from gold. I know it is the look that is desired. Stupid people doing stupid $#@!.
    You can convert gold to money. Some prefer not to be dependents.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

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    I would rather have arms and ammo. If everything went to Hell, which would be worth more in barter... a pound of gold or a thousand rounds of 5.56?
    “Extremism in defense of liberty is no vice. Moderation in pursuit of justice is no virtue.” - Barry Goldwater

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    Quote Originally Posted by Cletus View Post
    I would rather have arms and ammo. If everything went to Hell, which would be worth more in barter... a pound of gold or a thousand rounds of 5.56?
    It's a better idea to have both........
    For barter, there are such things as medical supplies or alcohol or tobacco
    Always trade up.............
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