Did you know that geologists estimate that only 20% of the gold in California was found during the gold rush of 1849? That means 80% is still waiting to be found!
Today, with the price of gold over $1200 an ounce in combination with a crappy economy, people are taking up the pan and showel and are heading for the streams. A New California Gold Rush is happening right now, this time not because people are hoping to get rich, but to be able to pay their bills.
In this article over at NBC Los Angeles you’ll meet David Perkins who just wanted to own some California gold, but ended up collecting two pounds of gold in his first year, which at todays gold price is worth over $38,000. You’ll also meet John Gurney who collected around $35,000 worth of gold nuggets over a couple of months. But it’s not easy money, just like in the old days, gold prospecting takes time and hard work.
“Some days you sit here and make two cents. Some days you make a couple of hundred dollars. I had one good day and made about $10,000.”
According to the article, the best place to start looking for gold is in Mother Lode country east of Modesto, California. In Southern California you can find gold along riverbanks in the San Gabriel Mountains.
Here’s two videos from the article that might wet your appetite for gold panning and prospecting.
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Related Links
Gold Panning Instructions – How To Pan Gold The Easy Way
Choosing Which Gold Pan To Buy – 4 Factors To Consider
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