Do you think a person can make a living

Points

Asked by Cares 2 years ago in Other

Do you think a person can make a living prospecting for gold with the price of gold today and by selling nuggets above the raw gold's value?

All answers related to the question will get a Thumb Up from me.

Tags living

Best Answer

Jeff Jeff Holloway / Banker

Answered 2 years ago

I have panned for gold a few times while camping and was talking to another person using a sluth box and a large hose to dredge the bottom of the river. He was telling me that you don't get much but about an ounce a year. I guess this would depend on where you were. Most U.S. gold mines (a better way of getting gold) have shut down due to income from gold Vs. cost to run mining equipment. This is a fun hobbie and gets you outdoors too.

Comments

All Answers

lisalisa1 Lisa / MR/DD Support Specialist

Answered 2 years ago

I think you'd have to be really good at it but it's possible.

Comments

DougEttinger Douglas Ettinger

Answered 2 years ago

you shoudl beable to ..youd make some money but youd be working forever

Comments

smohpal SHIV MOHPAL / ENGINEER

Answered 2 years ago

The value of gold is targetting it's magic figure of 1000$/ounce and today it was around 940 $/ounce which is historic level high.

The price of crude has jumped past 100$/barrel which has glittered the value of Gold.

I am daily trader of the same and if you need any future daily targeted trend then you can contact me personally to my email address smohpal@gmail.com and I will guide you further.

If you can find the nuggets for cheaper value then yes you can make profit.The only thing you will need is to hedge the amount of gold you have purchased physically to safeguard your buy.

Good Luck.

Comments