Interesting how the extraction of gold can still be done by regular people.
I have seen people extract gold or other natural resources in some countries in similar manner, and they have to work really hard to extract it... It cost lots of energy (whether inform of natural energy used by humans or those used by machines).... And then certain people might notice it's profitable to mine and get huge mining equipments that use alot more energy concentrated on the area and gold becomes difficult and more competitive for regular miners to find. This is abit similar to what happened/happens to Bitcoin mining. I wish smaller miners continued to be profitable in order to keep mining decentralized.
If the heat generated from the mining is put into good use like satoshi wanted(like heat from miners used for heating homes in cold weather) , the energy would have been used more efficiently. Things like that need to have multiple uses... more like solving multiple problems with thesame equipment
Topic: A Better Gold Play Than Gold ETFs (Read 62 times)
Interesting job man! I wish we had such resources in my country, I would have definitely went for such adventures.
I have also seen documentaries of Gold Diggers on Discovery channel. I am always fascinated with the way they take efforts and travel across the continent to look for the Gold.
Some of them also do research on the historical places where different culture bloomed and might have possibility of preserved gold underneath the land.
I mean, definitely this is an interesting way of acquiring the Gold but I am sure it is as difficult as it seems.
I have also seen documentaries of Gold Diggers on Discovery channel. I am always fascinated with the way they take efforts and travel across the continent to look for the Gold.
Some of them also do research on the historical places where different culture bloomed and might have possibility of preserved gold underneath the land.
I mean, definitely this is an interesting way of acquiring the Gold but I am sure it is as difficult as it seems.
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There are youtubers publishing content on their gold panning and prospecting adventures.
It seems that it is possible to collect $500 to $1,000+ worth of gold in a single day this way.
Am I right in thinking this is a more profitable, reliable and stable gold play than throwing money at gold ETFs which could be fractionally invested in paper gold.
It seems that it is possible to collect $500 to $1,000+ worth of gold in a single day this way.
Am I right in thinking this is a more profitable, reliable and stable gold play than throwing money at gold ETFs which could be fractionally invested in paper gold.
You can make 500-1000 USD per day,only if you are extremely lucky and you know what you are doing.
This is definitely NOT a stable and reliable income.
Gold ETFs and paper gold is just betting money on the future price of gold.This seems less time consuming and you don't travel around the country,searching for gold.
People,who have lots of energy,motivation and free time can do this,most of the people are just lazy or too focused on their 9/5 jobs.
If I had the opportunity to look for real gold, I would definitely try it, because I've always been interested in it - and this device on video is definitely something that makes the whole thing pretty simple. Of course, we are not all so lucky to live in areas where there is gold, maybe that is why people still invest more in gold through ETFs - but there are people who would not get their hands dirty even if gold is literally under their feet.
I once watched a documentary about ordinary people looking for gold in their spare time, I think it was Alaska (the sea shore covered in black rocks), and one of them admitted that he bought a Ferrari from the gold found. Of course, it's all a matter of luck, but also of the time invested in an endeavor - I envy people who have the opportunity to have this hobby.
I once watched a documentary about ordinary people looking for gold in their spare time, I think it was Alaska (the sea shore covered in black rocks), and one of them admitted that he bought a Ferrari from the gold found. Of course, it's all a matter of luck, but also of the time invested in an endeavor - I envy people who have the opportunity to have this hobby.
https://www.youtube.com/watch?v=78IzXNKKxOU
Quote from: Youtube Channel Description
Gold panning, metal detecting and mining adventures with Dan Hurd.
Most videos on this channel have something to do with prospecting, mining and gold panning. Many are educational lessons I give to my "Gold Mining and Mineral Prospecting" class. (I'm a high school teacher) Others are videos of me checking out claims I am prospecting. If you would like to learn to gold pan, learn where to look for gold, or how to find gold, learn about the gold mining industry or gold processing wash plants, this might be the channel for you. If you like what you see, please comment, like, and subscribe.
Most videos on this channel have something to do with prospecting, mining and gold panning. Many are educational lessons I give to my "Gold Mining and Mineral Prospecting" class. (I'm a high school teacher) Others are videos of me checking out claims I am prospecting. If you would like to learn to gold pan, learn where to look for gold, or how to find gold, learn about the gold mining industry or gold processing wash plants, this might be the channel for you. If you like what you see, please comment, like, and subscribe.
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There are youtubers publishing content on their gold panning and prospecting adventures.
It seems that it is possible to collect $500 to $1,000+ worth of gold in a single day this way.
Am I right in thinking this is a more profitable, reliable and stable gold play than throwing money at gold ETFs which could be fractionally invested in paper gold.
Needless to say, it is only accessible to those residing in certain regions. Not everyone can do it. But perhaps a worthwhile investment for those who can?
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