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iPath S&P 500 VIX ST Futures ETN Message Board

  • chopthis777 chopthis777 Oct 1, 2011 3:29 PM Flag

    Twosides, I'm still waiting for the links

    about the "mountains of north LA" being shut down by government to artificially suppress the gold/silver supplies.

    I’m very interested to verify your story, but I can't find any details about it, so please post some links.

    Thanks.

    Chopthis777

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    • Chop..."about the "mountains of north LA" being shut down by government to artificially suppress the gold/silver supplies."


      "to artificially suppress the gold/silver supplies" are your words....not mine.

      Though I think it did/does serve to suppress gold prices, at least the initial reasons were to stop the destruction of farmlands, environment, etc. All valid reasons in my opinion.

      2sides

      glta

    • Hi Twosides,

      Thanks for the info. I will definitely follow up.

      Chopthis777

    • "Although gold v/a% mined in California in the late 18th and early 19th Centuries, the
      gold rush did not begin until after Marshall's discovery at Sutter's Mill in 1848. Thou-
      sands of gold seekers soon arrived, and in a few years much of the state was
      permanently settled. Gold production attained an all-time high of $81 million in 1852
      but then declined because of the exhaustion of the rich surface placers. At the last
      government-set price of $35 per ounce, the 1852 amount would have been about
      $138 million.

      Hydraulic mines became the largest sources of gold until curtailed by court order
      in 1884. Lode mines and dredges were the principal sources after that date. During
      the depression years of the 1930s, gold output in the state was nearly as high as it
      had been during the gold rush. Gold mining was curtailed during World War II end
      has not recovered since.

      A number of spectacular nuggets and masses of pure gold were recovered in Cali-
      fornia during the early days. The most famous were the 195-pound mass of gold from
      Carson Hill and the 54-pound Willard nugget from Magalia. Small high-grade ore
      shoots or pockets have been found in many districts, but the richest and most numerous
      have been in the Alleghany district of Sierra County." end

      This excerpt from Mining Districts of California

      There are pictures of the scars left on the mountains. I think it was above Lytle creek. Somewhere I have a book with the pictures and descriptions. Still looking, but if you search hydraulic mining/sluicing Lytle Creek or San Gabriel Mountains you might get some photos.

      I spent a few years prospecting gold and checked it out. The entire valley is filled with sediment from the hydraulic sluicing.

      Still looking

      2sides

      glta

 
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