Prospectors head for California in modern-day gold rushStory link: Prospectors head for California in modern-day gold rush by Gill Montia
The headline-grabbing rise in the price of gold has led to a modern-day version of the Californian gold rush.
Having exceeded the psychological barrier of $1,000 oz earlier this month and remained above $900 oz since, gold is once again drawing prospectors to California in search of the precious metal.
According to a report in The Financial Times, one gold prospecting equipment supplier has reported a four-fold increase in sales in the past three months, with some customers giving up permanent jobs to take up full-time prospecting.
Mining companies are also responding, with California
The headline-grabbing rise in the price of gold has led to a modern-day version of the Californian gold rush.
Having exceeded the psychological barrier of $1,000 oz earlier this month and remained above $900 oz since, gold is once again drawing prospectors to California in search of the precious metal.
According to a report in The Financial Times, one gold prospecting equipment supplier has reported a four-fold increase in sales in the past three months, with some customers giving up permanent jobs to take up full-time prospecting.
Mining companies are also responding, with California