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Old 11-16-2009, 01:50 PM
 
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I had actually heard of this from a discussion I was involved with a few weeks ago but it appears there has been an article in The State Paper,

'New gold rush' under way in N.C. as prices set record - Business - TheState.com

about gold prospectors re-visiting Charlotte. Since that article was posted last week gold continues to rise to new breath taking heights. It hit $1143/oz today which is unprecedented. At these kinds of prices finding a few flakes could be easily worth a couple of hundred of bucks.

My question would be: How do they know they got all the gold out of the ground during the first gold rush in Charlotte? It seems to me last time they did any serious looking they were using 19th century technology and it's been close to 100 years since there were any serious attempts at it. There was a lot of gold found about 200 ft to 600 ft down so there still might be more there hidden waiting to be mined. It could also be lying there in the 100s of streams in the county as urban redevelopment has rerouted many of them and change water flows. This could be the new business boom for Charlotte.
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Old 11-16-2009, 01:53 PM
 
Location: Matthews, NC
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Hopefully, they won't decide it is under my house!!!
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Old 11-16-2009, 02:32 PM
 
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Quote:
Originally Posted by bs13690 View Post
Hopefully, they won't decide it is under my house!!!
Seems to me that laying claim to a gold discovery under your house, if you own it, would not be a bad thing.
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Old 11-16-2009, 02:35 PM
 
Location: CLT native
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Quote:
Originally Posted by lumbollo View Post
Seems to me that laying claim to a gold discovery under your house, if you own it, would not be a bad thing.
+1
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Old 11-16-2009, 02:35 PM
 
Location: Matthews, NC
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Quote:
Originally Posted by lumbollo View Post
Seems to me that laying claim to a gold discovery under your house, if you own it, would not be a bad thing.
The town may try to take it!!!

Probably try to lay a claim of Imminent Domain. I might be experiencing paranoia again, just like that time with the helicopter....
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Old 11-16-2009, 03:20 PM
 
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On the news the other night, it was announced that a huge find of gold occured in Lancaster, S.C. It was so large that one hundered workers would be hired right away and a huge enough supply to keep people at work for the next 25 years. Has anyone heard anything else on this?
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Old 11-16-2009, 03:25 PM
 
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Quote:
Originally Posted by bs13690 View Post
The town may try to take it!!!

Probably try to lay a claim of Imminent Domain. I might be experiencing paranoia again, just like that time with the helicopter....
I remember a family in Tennessee that actually found oil on their property. After refusing to turn the property over to the county, they sold their land and oil rights for $60 million. The middleaged gentleman and his daughter, son and grandmother moved to Beverly Hills California and bought this big house with a cement pond. Their investor, Mr. Drysdale made some good investments and they all lived well. I would suggest that if you find gold, hold off until you get millions. I would suggest contacting Mr. Drysdale. I believe that their granny died.
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Old 11-16-2009, 04:39 PM
 
716 posts, read 1,358,424 times
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Quote:
Originally Posted by lumbollo View Post
Since that article was posted last week gold continues to rise to new breath taking heights. It hit $1143/oz today which is unprecedented. At these kinds of prices finding a few flakes could be easily worth a couple of hundred of bucks.

Gold still has alot more appreciation and alot of people know it. Its funny how I see all kinds of advertisements on TV saying trade in your Gold now because Gold is at an all time high. If those Gold dealers thought Gold was not going to go any higher do you think they would still advertise to trade in your precious Gold? Of course not.

Also Silver currently trading 18.35 an ounce and still has much more upside. If someone wants to become a millionare within the next few years all they have to do is go long Gold and Silver and find a short ETF to the US Dollar. I will warn you that 1 million dollars today will have considerably less value in the coming years.
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Old 11-16-2009, 04:46 PM
 
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CharlotteCharlotte, I was wondering where you were! Good to see you spreading sunshine as usual. Of course $1million today will have less value in coming years. It's called inflation. Haven't you ever looked at those books about the year you were born? The ones that have what a house cost, how much you paid for a loaf of bread, etc? Same concept.
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Old 11-16-2009, 04:57 PM
 
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^So assuming that, which would you rather own today? $1,000,000 in paper notes, or gold equal to $1,000,000. Guess which one is going to hold its value.
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