Gold rush

A gold rush is usually a sudden, nationwide discovery of gold, usually coupled with other valuable metals and sometimes rare-earth elements. Gold is one of the world’s most widely traded commodities, and is used in everything from electronics to weight control. Although gold is found in many locations around the world, the best places for finding this precious metal are in the United States, South America, Africa, Australia, Canada, and Indonesia. While gold is not moving as rapidly as other commodities, investors have taken to the rush as the price of gold has shot up in recent months. “I’ve never seen anything like it,” said Greg Deming, president of Gold Star Distributors, referring to the surge in sales.

California is one of the states experiencing the greatest volume of gold rushes. “I’ve been watching the Gold Rush for almost 20 years, and while it certainly isn’t ending anytime soon, I think it has peaked and will continue to grow,” said Assemblyman Jerry Hill, D Sacramento. “People are coming to California with the expectation of making lots of money, and that’s definitely happening.” In Los Angeles, there are already shops advertising “Find Gold” and “Get Gold.” The West Coast seems to be attracting more of the attention than other parts of the country.

“I’ve never seen anything like the Gold Rush,” said Mike Webster, a world explorer and author of books about expeditions to Africa, Australia, and Canada. “It’s amazing that California is getting all the attention. It is probably a combination of factors, including the fact that California is one of the largest markets for the commodities, and also the fact that there are a lot of Californians working in the business.” Gold is moving into California from all over the world, but especially from Witwatersrand, South Africa, and Canada.

“The Gold Rush is not just a California phenomenon anymore,” said Hill. “I see California being the front-runner in the gold rush. I think the U.S. economy is still recovering, and we’ll be better off in the long run if we can get other industries going and get out of the doldrums we’re in at the moment. Right now, most of the industries aren’t doing well.”

“The Gold Rush is truly California’s call to action,” said Webster. “We need more California Gold Rush activities in the state. Even if other states get all the gold, California should have a major lead. California needs the Gold Rush, and it’s up to us to make sure we get all the Gold we can handle.”

Will California capture the California Gold Rush title? We’ll have to wait and see. “The Gold Rush is alive and well in California, but only in the form of good ideas,” said Hill. “If you can find the good gold, sell it for a good price, and then clean up your mess before somebody else does, you’ve got a winner. California’s economy will rebound from the Gold Rush, and it will bring with it the promise of more great things the Golden State can offer – including, of course, more great jobs.”


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