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The gold rush returns to California

Section: Daily Dispatches

By Becki Robins
Undark Magazine, Cambridge, Massachusetts
Monday, January 24, 2022

On the outskirts of the northern California town of Grass Valley, a massive concrete silo looms over the weeds and crumbling pavement. Nearby, unseen, a mine shaft drops 3,400 feet into the earth. 

These are the remains of Grass Valley's Idaho-Maryland Mine, a relic from the town's gold mining past. Numerous mines like this one once fueled Grass Valley’s economy, and today, Gold Rush artifacts are part of the town’s character: A stamp mill, once used to break up gold-bearing rock, now guards an intersection on Main Street, and old ore carts and other rusty remnants can be spotted in parking lots and storefronts around town.

... Dispatch continues below ...


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Gold still exists in the veins of the abandoned mine, and Rise Gold, the mining corporation that purchased the mine in 2017, has reason to believe that reopening it makes financial sense. 

When the mine shut down in 1956, it wasn't because the gold was drying up; it was because of economic policy. The 1944 Bretton Woods Agreement had established a new international monetary system to create stability in exchange rates. As part of the effort, the price of gold was fixed at $35 per ounce. Gold mining became unprofitable in the U.S. ...

... For the remainder of the report:

https://undark.org/2022/01/24/the-gold-rush-returns-to-california/

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Toast to a free gold market
with great GATA-label wine

Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.

Here's what the bottles look like:

http://www.gata.org/files/GATA-4-wine-bottles.jpg

Buyers can compose their case by choosing as many as four varietals from the list here:

https://www.gata.org/files/FayJWineryVarietals.jpg

GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?

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Support GATA by purchasing
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"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --

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-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.

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