Northern California was pelted with record rainfall this winter, and miners predicted that once all the water washed away, gold would be left in its wake. It appears that their predictions are panning out.
“Folks are finding more gold — ‘flood gold’ — than usual this year,” said Diana Clayton, president of the Shasta Miners & Prospectors Association, which owns seven claims throughout Northern California and boasts about 350 members.
This is an interesting article because the price of gold has been rather low in the $1200 region for the last few years and gold miners have been struggling to make a profit. What's really interesting to me is that clif high predicted this would happen in his web bot that there would be a new gold rush in California because of all the creeks and streams that flooded during the flooding would collect a bunch more gold from the hills and cliffs surrounding them.
Now that's pretty obvious to all the hardcore gold miners out there that more gold would be exposed by the floods but to have it mentioned in a big city newspaper must mean they are getting some pretty good nuggets and the word is starting to spread.
We can only image how crazy this mini gold rush would be if gold was at or near it's record high of $1900 an ounce.
The new gold rush is Bitcoin, don't they know yet?
Interesting post, thankyou for sharing @wakeupnd, upvoted
I am moving to northern california
Great and informative post
Thanks for sharing
Interesting, I remember Cliff High talking about this. I think people are just unaware of the true value of gold, once you hold an ounce of gold in your hand you realize the value.