Well I was able to find a good deal online last Friday and decided to purchase a 14″ gold pan from a website. To my surprise, it arrived on Monday and I was happy to finally have my first gold pan ever! I’m not an experienced gold miner by no means. I really never had an interest in panning for gold, even though it is quite common to find small amounts of gold in North Georgia where I live. I haven’t found any of the yellow metal yet, but I will continue to search all over the creeks, rivers, and their banks on my quest for finding some big nuggets of gold. The reason I want to pan for gold now, is due to the prices of gold. It wasn’t too long ago, we saw gold selling for $300 to $500 an ounce. In just the last 3 years, these prices have doubled and the current prices show gold selling for over 1K an ounce! Why isn’t everyone out searching for gold? I know everyone isn’t lucky like me and live in an area rich in gold. I would suggest for these people living in non-gold areas in the U.S., to start investing in gold. You can buy gold bullion and this is a great way to get your feet wet in the current gold craze that is sweeping the country and worldwide too. Analysts don’t see gold staying at the current prices, even though they seem outrageous now. Gold is still poised to go higher and a struggling economy makes gold that much more attractive to buy. Investors can reap some big profits, if gold sees new highs in 2010 (which they’re knocking on the door now). Don’t wait for gold to hit $1500 or $2000 an ounce. You can invest now and the gold you buy will retain a real value; unlike a piece of paper that says you own so many shares of stock in a certain company. I absolutely love the gold and other precious metals market right now and you can benefit too; if you choose to invest in gold bullion.
