Friday, November 06, 2009

Hooked on Gold Gazette 11/06/09

Good News! Ben Parker's book is back in print. New link should be up in the store this weekend.

· Gold Spot Closing Price for Friday: $1096.90
· Spot price last Gazette : $1044.70

Calendar of Events


· 3rd Election Day
· 11th GPOC Meeting
· 13th-15th Gem Show at Merchandise Mart
· 26th Thanksgiving

· 24th Christmas Eve
· 25th Christmas Day

What a difference a week makes! Freezing temps last week and mid 70’s this week. Being out of doors was really pleasant the past few days, and we are thinking about a metal detecting trip tomorrow. Or perhaps I should say Larry is. I’m not ready to be cold again quite so soon.

Gold, now there was a story this past week. It jumped over $52.00 and even touched $1001.00 before retreating on Thursday. With economic concerns in everyone’s minds, many are picking up gold as a hedge more now. India’s purchase of IMF gold didn’t hurt either, and has caused people to take their gold into the markets in exchange for money. Many are melting older pieces to be made into new for their brides.

I found this interesting article this past week on why the government won’t confiscate your gold. The first reason is that circumstances now are simply not what they were in the 1930’s, another is that we are already off the gold standard. Several other points are very well made in the article. A very good read.

I was wandering around the internet looking for information on another subject when I came across this very god website about Victor, Colorado at

Oregon has been in the news concerning gold prospecting and dredging for gold. ICMJ has an article on their Governor wanting to have many acres withdrawn from mineral entry so that all gold prospecting and mining will be halted or severely restricted in those areas. ICMJ has a great quote in it’s article by Mike Higbee about dredgers and fishermen. for more info. Oregon is also attempting to curtail dredging there as California has done, and you can read about that at I probably gave you that last one before, but this situation bears repeating the article.

That’s about it, folks. Enjoy the nice weather while we have it. Thanksgiving is coming up fast and I have almost all my Christmas shopping finished. Still hoping I can get my new sluice box in the water before everything freezes up, but who knows. Maybe it won’t see water until next Spring.

(Links to our affiliates for gold prospecting equipment
Good deals, and GREAT folks)
You can find Panning Kits
Monthly Prospecting Equipment Specials
Basic Prospecting Equipment

Until next week…….

Good Prospecting to You,
Shirley (MQS)
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