Gold Prospecting Beginner Tips
Basic tips for beginner weekend gold prospectors.
Yes, when you’re in isolated areas hunting for gold unless you are prepared it could make the difference between a successful weekend gold prospecting trip and a total disaster!
One thing that I didn’t mention in the video, is to also always go with at least one buddy, have a fully charged cell phone, take plenty of water and lastly have a basic first aid kit.
Personally, if you like the outdoors, you enjoy camping, you’ll probably love weekend gold prospecting. Here in San Diego, we usually wait till the end of October or November before going out to the Eastern desert areas of California and the Western areas of Arizona. Going to these locations at other times you can really run into extreme weather and temperatures. Read more
California Gold Mine for Sale
This video was produced to help sell this California placer gold mine. Personally, I think this is a great idea to use video to sell any property and especially an active California gold mine. but, with that said I think for the vast majority of people, this video is a great way to understand and get an inside look on how a small placer gold mine operation really works.
The gentleman who is explaining the operation of this California placer gold mine goes into quite a lot of detail. Any viewer would really get a better understanding of how the classification process really works when you’re trying to find gold.
Now, I understand why they didn’t mention a price because that could change over time especially if the price of gold would spike way up. But, they also really didn’t get into any detail about the profit and loss from this operation. Yes, what I would have really liked to seen in this placer gold mining video would be a profit and loss statement based on the price of gold at the time they produced a video.
Even if there was a decent profit, one must remember that gold mining is very risky and as one area gets played out and you move your operation over just a couple of yards you may hit a pay-streek or the amount of gold that found could be way below the cost to extracted. So, I would’ve sure like to see what their actual profit and loss looks like for 2015 or 2014 when they produced this video. Read more
$40,000 GOLD BAR Crushed
Watch as a $40,000 24 karrat, pure gold bar is crushed with a big hydraulic press!
I’m publishing this just because it involves a pure gold bar and really shows how malleable gold is. but, with that said, I can explain why it’s stupid. It is a solid chunk of relatively soft metal. The outcome is absolutely predictable and no more aesthetically pleasing than the original, as this yellow bar of expensive play-doh simply conforms to the surroundings in accordance with the immense pressure applied. Read more
Gold is proving once again why, historically, it has been the most commonly accepted currency. Given the current disaster that is fiat, we could be looking at an eventual return to the gold standard; the Central Banks wouldn’t want to be left behind, now would they?
The gold standard is a monetary system in which the standard economic unit of account is a fixed weight of gold. There are distinct kinds of gold standard. First, the gold specie standard is a system in which the monetary unit is associated with circulating gold coins, or with the unit of value defined in terms of one particular circulating gold coin in conjunction with subsidiary coinage made from a less valuable metal.
Similarly, the gold exchange standard typically does not involve the circulation of gold coins, instead using notes or coins made of silver or other metals, but where the authorities guarantee a fixed exchange rate with another country that is on the gold standard. This creates a de facto gold standard, in that the value of the silver coins has a fixed external value in terms of gold that is independent of the inherent silver value. Finally, the gold bullion standard is a system in which gold coins do not circulate, but in which the authorities have agreed to sell gold bullion on demand at a fixed price in exchange for the circulating currency. Read more
El Sid Gold Mine, 29 Palms CA
The “El Sid” gold mine was operated under various names from about 1890 to the late 1980’s when it was abandoned. Exploring this mine requires about a 2 mile hike from the nearest paved road. Entering Abandoned mines is by nature dangerous and not advised.
There was an active mining community in 29 Palms as early as 1870. Read more
Gold Mine Operation
Private cut and fill gold mine owner gives us a detailed tour, demonstrates tools, equipment, construction and the geology of his gold mine. This is a long video that explains many of the technicalities seen in old gold mines.
A lot of valuable insight in this video. I’ve watched hundreds of mine exploration videos and this one answered many questions about the equipment and methods used for hard rock mining….by someone who has actually done it! Read more
Mponeng Gold Mine
Most Dangerous Construction In the World: Mponeng Gold Mine (Discovery Channel)
Mponeng is a gold mine in South Africa’s North West Province. It extends over 4 kilometres (2.5 mi) below the surface, and is considered to be one of the most substantial gold mines in the world. It is also currently the world’s deepest mine. The trip from the surface to the bottom of the mine takes over an hour.
Over 5400 metric tonnes of rock are excavated from Mponeng each day. At a cost of $19.4 per gram of gold extracted, the mine needs to recover only 10 grams of gold per ton excavated to remain profitable. The mine contains at least two gold reefs, with the deepest one metre thick. Read more