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Southern California found gold first, and we're still looking

Section: Daily Dispatches

By Patt Morrison
Los Angeles Times
Saturday, January 11, 2025

Now don't go all weak at the knees and soft in the head when you read this: Gold! In the Mojave Desert!

It’s a gold rushlet so far: lots of wishful thinking that half-forgotten old mines still have new gold to yield up a dozen or so decades after the first ore was dredged out there.

... Dispatch continues below ...


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Right now as gold prices are tippy-topping again, real estate sales of mines long abandoned in the Rand Mountains are getting practically brisk.

So far this part of gold fever-dreaming hasn't changed. As with most gold rushes, it's the merchants who sell stuff to miners who usually come out winners. The Californians who got seriously rich in the 1850s didn’t pick up pickaxes; they sold them, along with eggs and boots and soap to the men who did. ...

... For the remainder of the commentary:

https://www.latimes.com/california/story/2025-01-11/hey-gold-rushers-southern-california-found-gold-first-and-were-still-looking

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GATA is grateful to these companies for their recent support:

Apollo Silver Corp.
Barksdale Resources
Dolly Varden Silver Corp.
Dryden Gold Corp.
Group Eleven Resources
Guanajuato Silver
IBK Capital Corp.
Independent Trading Group
Mining Discovery
Power Nickel
Silver North
The National Investor
The Prospector
Western Alaska Minerals
 

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