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Gold Prospecting To Survive The Recession

Updated on January 27, 2013

Gold Prospectors Dreams Of Riches

Gold prospecting and dreams of riches go hand in hand. The Great Depression of 1929 heralded in an era where men would head into the outback, the great unknown, to chase the yellow metal. Gold fever has changed many people and many landscapes. There is nothing like a period of economic turmoil to send men into the hills seeking an answer to prayer, and large lump of gold, to solve all their problems.

The current economic crash has once again sent gold prices sky rocketing and a new wave of prospectors are heading into the hills. The new prospectors are a little better equipped than the old time prospectors, and the spread of civilization combined with the advances of travel mean that the journey is not as harsh. Once, the wave of hopeful prospectors was enough to significantly change the local demographics. In these remote areas the influx of prospectors created make-shift cities over night. In fact, in New Zealand these gold mining communities that sprang up would become the largest city in the country. When rumors of gold rushes further afield spread around town the population would migrate to the new gold town - changing the location of the largest city in the country.

Gold rushes today tend not have quite the same impact because it is possible to travel hundreds of miles in a few hours to reach a prospecting area for the weekend. Most of the rich claims are bought up by large companies and big equipment needing fewer workers is used to harvest the gold.

However, in them thar hills there are still individual prospectors working away on small claims and chancing their luck in rivers to make a few extra dollars. And even today there are nuggets being found and lives are being changed by the windfall.

If you aren't prepared to work for your money then you are better buying a lottery ticket. Even equipped with the latest technology, like metal detectors, many hours can be spent and many miles covered before any great rewards are found. But for those diligent few who persist it is possible to generate an income from their prospecting. Which in today's environment where jobs are scarce it is a viable alternative.

The other advantage of gold mining over a regular job is the fun factor. There is still something romantic about being out there in the wilds pitting yourself against nature to bring home the bacon. And just like those who line up to buy lottery each week, there is always that chance that the next nugget you find will be the big one. The once in a life time find that will set you and your family up for the rest of your life.

People who have never tried panning for gold will not understand, but those who have will still remember the thrill of the first time they discovered the yellow glint in their pan for the first time. Even prospectors who have been doing it for years will tell you they don't loose the excitement of seeing the gold slowly emerge from the sand in the bottom of their pan.

Gold Prospector Strikes It Rich


Gold Prospecter Tips

Technology has come a long way since the gold rushes of centuries gone by. We now have GPS, cell phones, and electrically heated clothing. For you as a prospector it also means that you have advantages that the old timers never had. Technology applied to gold mining equipment means that you can harvest gold in the railings of old workings because modern sluice boxes and dredges capture a lot more of the fine gold, have better range, and greater efficiency. So do not for a minute think that all the gold has been taken from sites once worked.

Armed with this better equipment you can go to areas that were once mined and still recover gold. This is often a much better bet for the new prospector than exploring previously un-mined areas in the hope of finding gold that no one else has.

If you have never been gold mining before then I suggest you find someone who has to take you out for a weekend or two to show you the techniques and let you see if this is the game for you (it isn't for everyone). You can locate a forum of prospectors near you with a simple internet search. Many of these people will be only too happy to help you get started if you genuinely show interest.

Once you have decided to join the ranks of gold prospectors then you will need to kit yourself out with some gold mining equipment. There are essentials like a gold pan that are pretty standard and you can not really go wrong in your choice. Then there are more specialist equipment such as metal detectors, dredges, and refining equipment that you should not rush into buying. Take your time and do some research. Prospecting forums are good place to start for research, but do be aware that not everything that glitters is gold, and not all the advice on forums is from people who know what they are talking about.

When it comes to buying gold mining equipment I suggest you buy the best that you can afford even if it means hustling a little to get the next model up. When it comes to metal detectors, for example, a cheap one is good for the hobbyist who likes walking along the beach for exercise and finding a gold ring is a bonus. For a genuine gold prospector a cheap detector will drive you mad with false alarms and lack of any real results.

When it comes to gold dredges, you will want to match the dredge with the location that you plan on working. A small dredge is ideal for small creeks, but you will soon discover that in a river of any size is really a waste of time. A large dredge is good in a big river, but will struggle with lack of water and maneuverability in a small river.

Possibly one of the best places to start by spending a little extra money is in the refining equipment that you buy. Gold is worth a lot more when it is clean - that is, not mixed with sand and other impurities. There are a lot of systems on the market that make a lot of boasts, but there is only one that I have found to actually deliver near 100% recovery of gold from your concentrates. If you have gone to all the trouble of getting the gold from the ground or river, then it makes sense to make sure you recover all that gold from the concentrates (the material in the bottom of the pan, or trapped in the sluice box or dredge).

With gold approaching $2000 US an ounce it doesn't take much lost gold to cost you $2000. So I recommend getting a system that recovers all that fine gold. Gold is gold, and even small stuff weighs an ounce when enough is collected.

To find out which system I believe to be the best on the market for gold recovery, and much more information about gold mining visit Mine For Gold

Gold Prospector Or Not?

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    • PetMemorialWorld profile imageAUTHOR


      7 years ago from New Zealand

      Thanks for stopping by to take a look Peter.

    • PETER LUMETTA profile image


      7 years ago from KENAI, ALAKSA

      As an Alaskan gold miner of many years I have done and tried most all the recovery schemes for placer mining. My Hubs will add more to the mix check them out,Thanks



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