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Reno Chris

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Everything posted by Reno Chris

  1. Prospectors and miners have a very real interest in gold and silver and the value they are accorded by investors and the public. They have been accepted as money for thousands of years - pretty much as long as civilization has been around. In fact in the French language, the word for money is the same as the word for silver - but things are changing. With governments all over the world printing and creating money to float world economies and intentionally reducing the value of their currency to increase exports, what will become of the paper money we all use? Will paper money survive? Will something have to be done to prevent politicians from creating vast sums new unbacked "money" whenever they wish? Manufacturing money is an addictive thing - and like a lot of drugs, the longer and more frequently you do it, the more it takes to achieve the same desired effect. Its so easy for politicians to do all kinds of things with what seems to be "free" money - freshly manufactured. In the old days they had to make paper bills to create money, now we can do it with nothing more than the push of a button on a computer. All kinds of things can be done with home made money - its kind of like counterfeting, but for the government, its totally legal! With such a tempting attraction, you know money printing has been tried by politicians many times before, and I am afraid to say that whenever its been done on a large scale as we are doing now, whether its some little dictator or a major world power, its always ended badly. From the ancient Romans or the Weimar Republic of Germany to the Republic of Zaire in Africa, the end result of large scale money manufacture has been distasterous. These days we call it by a fancy name like quantitative easing, but no matter the name, its still the same. As large sums of money are printed, the remaining money in circulation goes down in value equal to the amount printed. it is not a question that value is assigned to paper currencies and they are accepted as payment, the question is what amount of value should be is assigned to them? Paper currency is not worthless, but it is a confidence game. So long as its accepted by the public, it will be accepted, but if confidence fails the result will be an inflationary spiral. At the moment, paper is still well accepted, but its a precarious situation where the inflationary force of "quantitive easing" all around the world is balanced off by the deflationary forces of the world wide recession. The balance seems stable for the moment, but I highly doubt it will last for the long haul. So which of these two versions of money will be more likely to hold its value in the future? Paper or gold? Will we be seeing a lot more $100,000 bills in the future?
  2. I am up in the gold country and starting to notice the color of the leaves are changing and winter is coming. What are you all doing to get in the last weeks of gold mining or prospecting - or to prepare for the winter/
  3. Well, today (here in Africa) I got to see and play with my first phony Chinese knock off metal detector. I have heard of these things for years but never before had the chance to actually see and experience one. All of the more expensive detectors, and especially those which are targeted to find gold are the subject of thousands of Chinese phony detector stimulants. If you are someone who owns or would like to own a metal detector, you should know about this. Let me tell you the story: At the moment, I am in Africa and our group had just completed dinner at a restaurant across the street from the hotel we are staying at. I stayed at the restaurant for a few extra minutes transmitting an email because the internet at the restaurant café is notably better that the one at the hotel in which I am staying. There are some detector dealers from this part of the world with us. As I was returning to my room, I saw one of the guys in our party putting together a GPX 5000 out by the Hotel pool, so I walked over to observe what was going on. He told me the customer complained his GPX was not working, so because I own one of these detectors, and know how to operate them, I tried to lend a hand figuring out what the problem was. We first tried a nugget I estimate was about 3 to 4 pennyweight in size. It should have screamed, but it gave no response. They waived a beer bottle cap which happened to be on the table and it no response. I finally waived my cell phone, a Samsung Galaxy note 2, perhaps the biggest cell phone currently in production, filled with lots of metal and I bet equivalent to at least a 3 ounce nugget. Nothing – no response whatsoever, even though it was almost touching the coil. We didn’t try any larger targets like an engine block or anything because the settings were fine and something was clearly wrong. I offered to go up and get my GPX 5000 control box because I knew it worked and we could figure out if the problem was in the coil or the control box. I returned with my box a couple minutes later, but they had already figured out the problem. The customer had not actually purchased the detector from the legitimate dealer he was asking to help him, but from some other supplier who promised he could get a GPX 5000 from him for a few hundred cheaper. The customer had visited and spoken with the legitimate dealer, so the dealer actually remembered him, but in the end had purchased from another supplier, which is what they found out while I was up in my room. The bottom line is that the poor customer had paid nearly $5000 for a worthless piece of junk that looks exactly like a real detector but is not. There are many thousands of these phony detectors out there, and it’s not just Minelab – its other makers too. If you buy a new detector of any brand – buy it from a trustworthy company who will stand behind their products and even so, test it out in the store before you buy. If you buy used, make sure to test the unit first. If you get a story that its broken but the manufacturer can fix it for you, decline and tell the seller to get it fixed himself and once its running right and you can test it to prove that, then you would be interested in buying. These junk detectors are selling all over the world and many are being burned, even in the US and Europe. Don’t let yourself be one of the folks who are stuck with an expensive piece of Chinese junk.
  4. So where do YOU think the price of gold is headed over the next six months? Since gold peaked in 2011, every surge upward has peaked at a lower price point, repeatedly failing to reach the price where it turned downward the last time it moved up. Its been more than an year and a half since we set a new high price in gold - and thats a long time. So is gold still a good investment? After years and years of solid upward movement is gold's long bull market run over? Big billionaire investors like George Soros are getting out of gold. Smaller momentum investors who were chasing gold's price appreciation using ETF funds like GLD are also getting out in droves. Talking head investment experts on TV are saying that now is the time to get out of gold, that inflation is under control, economies around the world are slowly recovering and National Reserve banks around the world are about to start serously reining in and cutting back on money printing and quatative easing. A number of them are predicting gold prices in the $1300 to $1400 range in the next year or so. So is it time to sell all that gold you have been saving up and get out while you still can? There is a theory of investing known as contriarian theory. It states that when everyone loves some stock or product and thinks its going to the moon, that is usually the time to sell, and when everyone thinks its going down forever is often the time to buy. It only has value as a concept when sentiment gets too lopsided. Warren Buffet put it very well - Be greedy when everyone is fearful and fearful when everyone is greedy. Everyone hated gold when it was at $285 an ounce. It was called a barbaric relic of obsolete monetary systems. Yet few investments have performed better since that time. The time that something is hardest to buy is actually the best time. Yet everyone loved gold when it hit $1900 per ounce - and its gone down to $1600 since then. When everyone was excited about gold at $1900, that would have been a terrible time to buy in. Yet the causes that made gold go up in the past are still the same - politicians continue to print money and spend irresponsibly so they can get re-elected. Whenever any politician tries to be anything like responsible, they promptly get voted out of office (no matter what country they are in). Governments continue to tell us there is no inflation when it is obvious that there is. So what do I think is coming for gold in the next 6 months? I think it wont do much, bouncing up and down in a fairly narrow range. If I had to make a guess, I'd see gold at maybe $1550 per ounce on October 1, 2013. I don't recommend going out and investing all your money in gold, but I don't think its time to panic, either. Still, gold may well be going back down to $1500 per ounce - maybe even lower before it turns around, but I see this as a correction, not a collapse. More and more people are turning against gold and I think in the next year or so we will reach a point where it is strongly disliked eoungh that it will once again become a very good investment, just like it was when it was hated at $285 per ounce. What do you think? Where do you think gold is headed in the next six months and where do you think gold will be on October 1st? I am interested to hear your comments.
  5. In a lot of ways, we small prospectors are the only ones still searching for the precious yellow. Exploration for gold is way, way down in the last several years. It will take sustained prices in the $2000 per ounce range to revive it. I suspect that $2000 an ounce gold is a long way off at this point. New discoveries are very few and becoming rarer. http://www.marketwatch.com/story/in-20-years-the-world-may-run-out-of-minable-gold-2015-03-30
  6. There is more than one way to make money prospecting. Leasing out prospective claims to mining companies is a subject I have written about in the ICMJ and also in my book on prospecting. People have made big money doing this - a lot more than this check. Its a serious effort. I am publishing this check with critical areas blanked out for security reasons. I also altered the colors of the check, the company who issued it is out of business and I am guessing there is no significant money that is left in their account. So all things considered, I figure its safe to show. As one can see from the date, the issue was two years ago in 2015. I'll get my 2017 payment in a few weeks from a different company.
  7. Well, the winter of 15-16 was expected to produce lots of flooding, but turned out to be a bust as far as big rains were concerned. However it looks like 2016-17 has had some flooding sufficient to move gold around, I'm getting ready for a good season of sniping this summer - how about you all? What are you doing to get ready?
  8. Reno Chris

    5 Days Of Dry Washing

    Been out with my dry washer for 5 days straight, though the last two days I kind of took it easy as I was getting sore. Total take was 8 dwt - or about 0.4 ounces. The picture shows 113 detected nuggets on the right and a little more than half an ounce of dry washed gold on the left.
  9. Reno Chris

    James ( Jim ) Beckwourth Museum and Cabin

    Been a lot of years, but I took my daughter there once. Chris
  10. Reno Chris

    Torch Assay Folks

    Torch assays can be a rough,ballpark type of tool in estimating precious metals concentrations. They will not be accepted by companies looking to purchase any claims you have staked.
  11. Reno Chris

    Activated Carbon

    Yes, the ash can be treated with Litharge and the contained gold captured like in a fire assay. A process of cupellation will then free the gold from the lead. As you say that requires incineration and you definitely dont want something like a torch which will then blow away all the gold bearing ash, leaving you with nothing.
  12. Reno Chris

    Dawson City detecting

    Up higher in the creeks there far above town were some decent sized nuggets found in the early days but I am not sure about locations close to Dawson, and we dont know how far from Dawson you really are looking at.
  13. Honestly, I am confused by your question. There are some rare circumstances where private property does not include mineral rights and those mineral rights can be claimed as an unpatented mining claim. Normally this is on ranch land. However, the owner can prevent you from working the property as he has surface rights. My suggestion would be to first find out the actual status of the property first, then consider what the possibilities are. Many of these ranchers would not receive miners on their land easily.
  14. Reno Chris

    question on geothermal gold

    Most gold is carried in solution as a acidic sulfide solution. Sometimes calcite can neutralize the solutions enough to drop gold out of the solution, but also iron can displace the gold, and drop the gold out of the solution. Aqua regia is not a naturally occurring substance, so it cannot be the cause that dissolves gold in nature.
  15. Reno Chris

    Manganese Markets

    Manganese is a low price commodity, with raw ore values at only a couple of dollars a pound. Buyers are interested in large bulk sources of hundreds of tons, not really something a small prospector could supply easily. Most consumers of manganese in the US are associated with steel manufacturing in the eastern US, so long haul transport of the ore by rail would also be needed. This is why small operators just dont have the ore and capital to get involved with the manganese market.
  16. Reno Chris

    Mechanized or not?

    As far as the use of an electric demolition hammer, that is one that is so borderline that it would be something up to the local BLM authority to interpret. One of the difficult things about the rules and regulations is that they are vague and open to considerable interpretation. Some officials will interpret the rules generously and others will interpret them restrictively. If its something you want to fight over, talk to an attorney. If its something where you just want to avoid confrontation, do it quietly. If its something you want to know, as k the local BLM authority, but try to get it in writing, as you may find one official tell you one thing and a second official tell you something completely different. I'm not certain of the reference in an article you are referring to, but we have a number of issues on line and they can be researched to view more than a decade of back issues if you sign up for on line access.
  17. Reno Chris

    Recirculating Sluice

    How are things going with that recirculating sluice? I am about to try out one that I made myself.
  18. I am looking for a 1 yard per hour trommel - something you could hand shovel into. I am not looking for a high banker, I need a rotating trommel and one built to last and get used for a long time. Anyone out there make or have experience with such a thing? Chris
  19. Reno Chris

    Is there really a vein here?

    I found one a while back that was maybe 300 feet long down the side of a hill and it was surprisingly straight down the hill. Your line of gold may be a pocket in the quartz vein that has eroded out and freed to roll down the hill. Knowing that there is a vein, I'd detect and dig in the vein where your line crosses the vein.
  20. Reno Chris

    Life At The Bottom Of A 64' Shaft

    OK, how about mudslide or just ground creep over a long period. The net result can be similar to glaciers in that it can stir things up.
  21. Reno Chris

    Is there really a vein here?

    Focus your pick work in line with the quartz from where you found the last piece to maybe 10 feet above that.
  22. Reno Chris

    Life At The Bottom Of A 64' Shaft

    Got any ideas? Heavy flood event?? Sounds more like glacial movement. Glaciers stir up everything and result in very spotty gold.
  23. Reno Chris

    Is there really a vein here?

    Likely there is something there, but you have given me so little to go on its real hard to say. If it were me I would dig around above the spot where the upper most piece was found. I dont know exactly what you mean by hard pan - caliche? Hard clay? hard bedrock? If its possible to dig through the "hard pan" I would do so. The upper most piece could be 2 feet below the location of the pocket or 20 feet below it or something in between. Its also possible that all the pocket has spilled out and no more of the quartz in place remains. The density of gold bearing quartz is much less overall than the density of solid gold. So the quartz specimens tend not to sink so far into the soil. They also give a weaker response than solid gold, so you may not be detecting them as deeply.
  24. Reno Chris

    complex ore

    Gary - I think there is some miscommunication here. I have no idea what you are asking, and I am kind of thinking you are not very clear on it either. Chlorite is a mineral which does not contain precious metals. Chlorides are a group of minerals, but the only ones you might see in an ore are silver chlorides, the mineral name of which is Chlorargyrite. See: https://en.wikipedia.org/wiki/Chlorargyrite Other precious metals do not form mineral chlorides because they are water soluble. I know of no process which extracts precious metals using silver nitrate. Pulverizing to more than 350 mesh is a mistake, and will cause lower recover of metals rather than more. You should not crush that fine. So the whole thing is pretty muddled and maybe you could start fresh and tell us in detail what you have and what are wanting to do,
  25. Reno Chris

    new claim holder

    Generally, building a road takes some serious permitting and the posting of bonds for reclamation of the road once you are done.