Is it a good idea to buy this land that has a creek with gold?
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  1. #1
    us
    Oct 2018
    Central Valley California
    210
    272 times
    All Types Of Treasure Hunting

    Is it a good idea to buy this land that has a creek with gold?

    https://www.trulia.com/property/5069...iposa-CA-95338

    Need some serious advice, this just popped up recently and I'm thinking of selling everything I have just to buy it. What do you think of this? I've panned in that area before, there's pickers-sized gold in it. But $210k is quite a lot of money.

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    xracer550 likes this.

  2. #2
    us
    Rock hunter

    May 2020
    East texas
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    Buy it. Pan until you get tired of it. Sell it. That way the gold was free. That's my favorite way to dig an arrowhead site. would be the same for gold.
    Last edited by Garscale; Jul 16, 2021 at 02:20 PM.
    Fat and T.C. like this.

  3. #3
    us
    "Call me ArfieBoy"

    Aug 2011
    N.E. Oregon
    Compass X-70, Compass X-80, Compass X-90, Compass Judge 2, Garrett AT Pro
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    Be sure you will own the mineral rights to the land before you buy it!

  4. #4
    us
    Oct 2012
    Palmdale , CA
    Goldbug 2
    68
    139 times
    Prospecting
    If you do buy this , Let us all know & we will come up and help you Dig
    Fat and crashbandicoot like this.

  5. #5
    us
    TunaTonker

    Nov 2016
    Whites, Garrett, Minelab
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    Buy it if it's the land you seek, not the gold.
    Last edited by GoDeep; Jul 16, 2021 at 03:04 PM.
    US Army, Operation Desert Storm, 1987-1993. Resident De-Bunker. I'm blunt because I don't have time to indulge your fantasies. Treasure is found down here on Earth, not on Google Earth.

  6. #6
    us
    Rock stacker

    Dec 2013
    Arcata, California
    Fisher 1212-x Fisher Gold Bug 2 Whites 4900/SP3 Dowsing rods
    1,028
    1364 times
    Prospecting
    Most of that 150 acres is hilly, any hope of high benches? Not a lot of creek and it looks like most of it is right on the road.

  7. #7
    Fat
    Fat is offline
    us
    Mr. finishup all the leftovers

    Oct 2020
    Nebraska panhandle/NE Colorado
    I took the battery out because I like my bacon crispy
    1,907
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    Dark skinned women digging there toes in white sugar sand beaches
    .... This sounds like a good way to advertise land for sale. Value added advertising?..

  8. #8
    us
    retired bumb and part time Hobo

    May 2005
    St. Louis, missouri
    6,525
    5590 times
    Now EVERYBODY knows about it and it's location !
    et1955 and Back-of-the-boat like this.

  9. #9
    us
    May 2018
    Maryland
    White's MXT Tesoro Cibola Tesoro Golden Sabre Plus Garrett ADS Master Hunter 7
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    My concern is your statement about selling everything in order to generate the cash needed to buy it. If money was no object, then I'd say buy what makes you happy and enjoy it, but needing to sell nearly everything seems rash. And if selling retirement funds early, consider the penalties.
    russau and crashbandicoot like this.
    "Rage, rage against the dying of the light...Do not go gentle into that good night" - Dylan Thomas

  10. #10
    Charter Member
    us
    An unidentified coin is a piece of metal. An identified coin is a piece of history.

    Oct 2004
    N. San Diego area (Pic of my two best 'finds'; son and grandson taken ten years ago)
    Minelab Explorer
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    Shipwrecks
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    Don't buy it, lease it, then work it until it doesn't pay the rent.
    Don......

  11. #11
    us
    Oct 2012
    Palmdale , CA
    Goldbug 2
    68
    139 times
    Prospecting
    Is there a building on the south end of the property that you can stay at ? I do not see many spots you camp at.

  12. #12
    us
    Oct 2018
    SW Ohio
    CTX 3030 and Equinox 800
    427
    600 times
    Metal Detecting
    Firebird,

    Interesting if the price history listed on the site is to be believed. It was listed for $149K in April 2020 and sold in August 2020 for $600K
    - must of been one hell of a bidding war to have sold for $451K over list. It was resold in January 2021 for $125K for a drop of over $475K in 5 months and is now listed for $210K only 6 months later. Also, it was listed for sale back in December of 2014 for $1.1M and sold in November of 2018 for just $50K. Like I wrote higher, interesting, I would be careful. It seems to me that $210K is a very good price for 150 acres in CA with water and just down the road from Yosemite Park which is one of the busiest parks in our country. Also, there is a picture of an old building which could hold treasures waiting to be found with your detector. Good luck with your hunts. Walt

  13. #13
    Charter Member
    us
    Nov 2010
    The Great Southwest
    4,005
    11920 times
    Prospecting
    The current owner just purchased it for $125,000 in January of this year. If you look at the sales history it looks like a long running drama. It sold in August of last year for $600,000 then again in January for $125,000?

    I do know that area well. There have been some great pocket deposits found in a few of the many hanging valleys in those hills. I've seen one little area that was worked by two detectorists for two weeks and it produced enough to pay the asking price. There probably aren't a lot of that quality of deposits left up there so I would consider a purchase of this property to be a bet with bad odds. If I had $210,000 to gamble (I don't) I can think of better properties with proven resources that I would bet on.

    Heavy Pans

  14. #14
    Charter Member
    us
    Sep 2020
    Dumas,AR
    2,411
    2678 times
    All Types Of Treasure Hunting
    Quote Originally Posted by ArfieBoy View Post
    Be sure you will own the mineral rights to the land before you buy it!
    This!!!!
    Clay Diggins likes this.

  15. #15
    us
    steve andermatt

    Apr 2013
    California
    AT GOLD/Garrett /C.Scope cs4PI/Garrett(carrot) pro pointer/ 5x8 double d coil and sniper coil/Lesche digger/Lesche "T" handle shovel.
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    Quote Originally Posted by russau View Post
    Now EVERYBODY knows about it and it's location !
    Yep and I live in the same area.LOL
    back of the boat

 

 
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