Gold prospecting is certainly exciting, however gold mining can also be profitable. Its hard work, yet there is no better satisfaction than cashing in on your recreational efforts. Anybody who has found any amount of natural gold knows it takes determination and perseverance to make it pay. Key to remember is most, more than most greater than 999% of all gold on earth STILL resides naturally in nature, even in mass yet it has not been found. Why? Not for lack of trying, its just we don’t have easy access to where most free gold lies.
Aurum, Gold, Oro however you say it Gold is King of Metals! With a mass of 19.3 grams (+2/3 oz) per cubic centimeter (think pinky thimble) and costing almost $1000 at today’s prices. Tonight, April 19 2011 Gold hit a record 1,500 ounce troy. Fifteen hundred a ounce is a bell weather threshold that will signal the re-opening of many gold mines that were considered unprofitable. Strong gold valuation is one component, however new technologies such as satellite imaging and better extraction methods re-opens many opportunities for production.