With gold spot prices charting new highs every month, investors may define the economic environment as a gold rush. But not literally. In what is being deemed "yard panning", common folk are taking to their backyards with the tools of yesteryear in search of a precious, glittering fortune of nuggets. A brief pause seems necessary for you to stop laughing before reading further.
Yard panning had a short lived presence in the 1980's when spot prices for the metal reached the mid-$800 range, but with gold nearing $1400 and ounce, it should surprise no one that a certain demographic of special people are flashing the pans so to speak. Yard panning is performed on low laying streams, creeks, and yes, ponds.
Techniques are quite similar to the tried and true methods of panning, but here are the essential equipment and instructions for modern day yard panning.
Snuffer bottle
Several glass vials with caps
Nugget cups
There you have it. Gold panning 101. Sorry, you'll not strike it rich panning mud puddle in the burbs. But no one can stop you from laughing at people who are doing just that. Here is some literature on gold panning if you want to give it a try. Enjoy!
States to Strike it RichTrue prospecting for gold with claim rights is still possible in the following states: Alaska, Arizona, Arkansas, California, Colorado, Florida, Idaho, Louisiana, Mississippi, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, and Wyoming
Hi..!Many thanks for this entry and for your website on the whole. I have just liked it.I truly appreciate this article..I know one more site yourbuygoldguide.com
ReplyDelete