Friday, March 27, 2009

The New California Gold Rush

Geologists estimate that during the gold rush of 1849 in California, about 80 percent of the gold was never found. Today, with the price of gold soaring and the economy falling, the idea of panning, digging or diving for precious metal has become serious business.

"There's definitely gold nuggets down in the bottom here," Brown said. "Just a matter of getting 30 feet down lower than any old timer or modern prospector has done."

And, for people willing to put in the effort, it's paying off.

Shhh! Don't tell the IRS that people are finding gold. They will definitely want a piece of the action.

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