A golden lining to the Golden State’s drought

By Nienetwiler (Own work) [CC BY 2.5 ch], via Wikimedia Commons

California’s now four-year drought is serving as a reminder of the everlasting allure of gold. Prospectors have been taking advantage of low water levels, finding pieces of gold that are normally submerged.

“In recent years, drought-inspired gold seeking has spiked sales of sluice boxes, gold pans and metal detectors at Gold County mining stores from Columbia in Tuolumne County to Auburn in Placer County. While the drought, now in its fourth year, has rendered many creeks too dry for panning, new adventures are opening elsewhere as receding waters reveal more treasures,” wrote the Sacramento Bee.

Albert Fausel, a gold prospector and owner of the historic Placerville Hardware Store, sees the golden lining to California’s drought. The Cosumnes River in southern El Dorado County was once a great swimming and fishing spot, but the lowered water levels have revealed sediments with “a lot of gold in ’em,” Fausel said. “It’s a sad season for fishing – so why not go out and get some gold?”

Placerville Hardware was founded in 1852, four years after James Marshal discovered gold in California. Prospectors now come into the store to show off pieces of gold they’ve unearthed from nearby creeks.

“I see some beautiful gold coming into the store,” Fausel said. “That gets my tourists all excited. You come into the store and somebody’s got gold in their pocket. It’s amazing.”

Although it is an enjoyable hobby for many, you don’t need to go prospecting in California’s creeks to own gold. Purchase physical gold coins and bars for your retirement account or for direct delivery by contacting American Bullion at 1-800-326-9598.

Although the information in this commentary has been obtained from sources believed to be reliable, American Bullion does not guarantee its accuracy and such information may be incomplete or condensed. The opinions expressed are subject to change without notice. American Bullion will not be liable for any errors or omissions in this information nor for the availability of this information. All content provided on this blog is for informational purposes only and should not be used to make buy or sell decisions for any type of precious metals.