Early in the morning on Monday, March 20, 2023, the price of gold surged past $2,000 an ounce for the first time in history. RVers who have added prospecting to their travel plans for this year are excited by the potential for fun and profit.
Fueled by economic uncertainty and investors seeking a safe haven for their assets, the milestone has financial markets abuzz, along with RV enthusiasts who are looking to combine their love of travel with the potential for a lucrative hobby.
Gold has long been considered a store of value and a hedge against inflation, making it an attractive asset for investors during times of economic turbulence. The recent surge in gold prices has put prospecting in the spotlight, with RV prospectors increasingly investing in equipment and taking to the great outdoors to try their luck at unearthing the precious metal.
RVers uniquely suited to prospecting
RVers, in particular, are well-positioned to take advantage of the gold rush. With their mobile accommodations, they can easily travel to prime prospecting locations and enjoy the thrill of the hunt while still maintaining the comforts of home. The flexibility of the RV lifestyle lends itself well to this adventurous hobby, with many RV parks and campgrounds located near historical gold-mining areas.
RVers can improve their odds of success when equipped with the right tools and knowledge. As explained here in early 2022, RV Travel’s Prospector series seeks to provide valuable information on the types of prospecting equipment that are best suited for RVers, as well as tips on how to locate the best mineral-bearing areas.
To get started, RVers should invest in a basic gold panning kit, which typically includes a pan, a classifier, a snuffer bottle, a vial, and a small shovel. In addition to these essential tools, RVers might also consider purchasing a sluice box or metal detector, which can significantly increase their chances of success.
While many prospectors dream of striking it rich, the reality is that gold prospecting requires patience, persistence, and an appreciation for the journey itself. For RVers, the prospect of unearthing a hidden treasure can add an extra layer of excitement to their travels, but the real reward often lies in the adventure and the opportunity to just be out in the wild remote areas.
“There’s gold in them hills”
As gold prices continue to rise, it is likely that interest in prospecting will only grow. RVers who plan to prospect on federal lands should familiarize themselves with the laws and regulations governing gold prospecting in their desired destination. In the United States, prospecting is generally permitted on public lands managed by the Bureau of Land Management (BLM), the U.S. Forest Service (USFS), and U.S. Army Corps of Engineers (COE)—provided that certain rules are followed.
The recent unprecedented surge in gold (as well as silver and platinum group metals) prices has shone a spotlight on the world of gold prospecting, capturing the imagination of RVers who are looking for a unique and potentially lucrative way to spend their leisure time. As they hit the road and head for the hills, these modern-day prospectors are not only seeking their fortune but also embracing the spirit of adventure that lies at the heart of the RV lifestyle.
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just like having silver or crypto. you need somewhere to offramp into cash. when you do that capital gains….they get you coming and going.
That’s why physical Gold versus paper gold in portfolio. No gold on paper.
Great to know!
Now what are the more reputable places would one sell their gold?
The pace we continue printing money at makes gold a bargain at $2,000.00/once. Just ask William Devane. He’ll even tell where he buys his gold.
With the quickening pace of inflation, gold is likely to go much higher.
I agree. I think it will kick down to about $1,800.00 and then run up to $2,500.00 plus before the end of the year. I’m a physical gold buyer myself. One of the favorites in my safe are my 1947, 50-Peso coins. ????
That is my opinion only on valuation.
A lot of counterfeit coins and bars exist with gold at $2k/once so know the seller if you are thinking of buying gold. The Chinese are gold plating Tungsten and passing them off as solid .9999 pure gold. They stamp them as coins or bars, plate them the 24kt and the weight / specific gravity is almost identical to pure gold.
Without cutting a coin or bar in half, it’s tough to tell the difference.
OMG–was not aware of that. I like the gold I dig out of the ground where I know what I’ve got. I was stung on silver rounds back in the late ’80s so am wary of commercial metals products. And I agree on the price trends.
Fire, Gold and Water. The 3 things that build or erode entire civilizations. From the Pharaoh’s of Egypt to farmers of Equador. Atzecs and Incas, Spaniards and Chineese Dynasties.
One can more easily describe the taste of honey without using the word “sweet”, than des ribe the meaning of gold to someone with the bug.
Gold may save our society again one day.
I never watch TV (or anything, for that matter) so I had to look up what William Devane has to do with gold. Now I know. Spokesman for Rosland Capital. Have a good afternoon/evening, Cancelproof-ish. (Never forget the ish. 😆 ) 😀 –Diane at RVtravel.com
The problem with gold prospecting is the same as hunting and fishing. You’ll spend more money on the equipment than you will ever make/save from doing it. I know because I am a fisherman and even $100/pound trout would be cheaper then the cost of the trout I catch considering all my fishing gear and kayaks (yes, plural on the kayaks!). So, prospecting as a hobby to explore the outdoors is great–the sunshine, fresh air, rushing streams, and gorgeous mountain scenery (at least here in Colorado). Just don’t expect to ever make as much money as you spend for your ATV, metal detector, sluice, floating dredge, etc., etc. I spent an entire career as a geological engineer and some of my very knowledgeable fellow geologists were “rarely successful” weekend prospectors!
About the same price it was 2 1/2 years ago.