Gold Rush

With the price of gold going up, I have been thinking about gold mining. I am far too lazy to actually do it. And there is this from the New York Times.

The one gold-digging law that hasn’t changed over the years is this: If you want to make money during a gold rush, don’t mine the hills. Mine the miners.

The New 49ers Prospecting Club, in Happy Camp, Calif., charges members $2,500 each for lifetime access to claims on several rivers and tributaries in northernmost California. Dave McCracken, the club’s owner, says he expects gold-prospecting to bring about $5 million this summer into Siskiyou County, an economically depressed region.

Jerry Keene, 73, the chief executive of Keene Engineering, a leading manufacturer of mining equipment, said, “Anything connected with gold, we’re just about out of.”

The one gold-digging law that hasn’t changed over the years is this: If you want to make money during a gold rush, don’t mine the hills. Mine the miners.

The New 49ers Prospecting Club, in Happy Camp, Calif., charges members $2,500 each for lifetime access to claims on several rivers and tributaries in northernmost California. Dave McCracken, the club’s owner, says he expects gold-prospecting to bring about $5 million this summer into Siskiyou County, an economically depressed region.

Jerry Keene, 73, the chief executive of Keene Engineering, a leading manufacturer of mining equipment, said, “Anything connected with gold, we’re just about out of.”