GOLD! CA 160 Acre PLACER MINING CLAIM rich in precious metals, great investment opportunity Start Price USD 25,000.00 Current Price USD 25,000.00 Time Left - Bid Count 0 Buy It Now Price - Reserve Price - Start Time Monday, July 21, 2008 End Time Thursday, July 31, 2008 Location La Grange, Illinois See more about 'GOLD! CA 160 Acre PLACER MINING CLAIM ' Description Gold is currently valued at $959+ an ounce: http://www.goldprice.org/live-gold-price.html   The price of gold has climbed to nearly $1,000.00 per ounce.The commodity prices are climbing much faster than they have in years. This is a great investment.   According to experts, estimates are that 80% of the gold in the western United States remains undiscovered!  That leaves a lot of gold out there to find.  Techniques that were unavailable to prospectors during the gold rush are easy these days, from metal detecting to finding "pocket gold", the possibilities are endless! Gold prospecting is a rapidly growing hobby that allows you and your family to spend time outdoors, search for real buried treasure, and possibly even make some money!  In fact, gold nuggets are worth substantially more than just their "melt down" value.  Nuggets often sell for 30-50% more than just their base gold value because they are used as specimens in collections and jewelry.  I am selling these placer mining rights for my grandfather George Popp Jr. who purchased them sometime before 2000 from a friend as an investment. This placer claim has not been mined to date. An interested party has surveyed the land to determine its mining rights value. The price of gold at that time would have made the venture break even (see images below). Today however, the price of gold has significantly increased making the potential mining profits worth the investment.   160 Acres in Kern County just off of State Hwy 14 Meridian 21Township 028 S Range 037 E Section 26 NW 1/4 of subdivision   Bureau of Land Management Information: serial number: CAMC270579 claim: GOLD #26 PW     Gold rises on Bear Stearns buyout 03.17.08 Forbes.com  http://www.forbes.com/afxnewslimited/feeds/afx/2008/03/17/afx4783717.html    NEW YORK (AP) - Gold prices closed above $1,000 for the first time Monday, rising to a new record as uneasy investors flocked to the safe-haven metal following JPMorgan Chase & Co's. buyout of investment bank Bear Stearns Cos. Other commodities fell in a broad sell-off, with crude oil dropping from a record and agriculture futures also trading sharply lower…     Blanchard Economic Research Unit http://www.blanchardonline.com/beru/gold_vs_stock.php   A $10,000 investment: your returns with gold and stocks Had you invested $10,000 in gold bullion in 1999, your initial investment would have grown to $28,007 by 12/17/07 – an amazing 180% percent increase. That same $10,000 investment in stocks of the S & P index would have netted a meager $11,673. That’s a 16.73% increase.    Background information on Placer Mining:   In 1848 gold was discovered in California. Thousands raced across the continent to stake claims on the treasure. The problem was that most of the mineral finds were happening on Federal lands. There was no uniform procedure for the transfer of property from the United States government to private hands. To rectify the situation, Congress passed the Mining Law of 1872 which grants both citizens and companies the right to explore for hard rock minerals and establish rights to federal lands without authorization from any government agency. This standard of free access is the basis of the Mining Law, which remains the law of the land today. There are two types of mineral claims open to prospectors: lode claims and placer claims. A lode claim is the classic vein of valuable mineral in a defined boundary of rock. Placer claims are all claims not confined in a lode such as loose sand or gravel. Once a mining claim has been approved the claimant gains the right to develop and extract minerals. No other use of the land is permissible. In the pursuit of minerals the claimant can construct fences, build houses for full-time employees, and use as much timber as is necessary for the mining operation. Mining claims are considered real property and as such can be bought, sold, transferred, leased, rented, willed or inherited. Check out these great sites for more information on small claims mining: http://theclaimpost.homestead.com/MiningClaimInfo.html http://www.goldminershq.com http://www.blm.gov/co/st/en/BLM_Programs/minerals/mining_faqs.html   Place a Bid!