I have to agree. There's a lot I was expecting to see in such an article that just wasn't there. Wish I could blame it on poor modern media, but....according to this article (similar to what Terry said) "numbers don't lie"........YES numbers can a will be lied about IF any money is involved and IF ANY socalled "representative" of ours or wacoenviromentalists is moveing their lips ! Even during the Veit-Nam war/police action military field officers and the brass lied / inflated about the kill count and now our own gubermint offices (EPA) lie..........Without telling the entire story (pros /cons) you are NOT getting the whole story and their story has a biased or slanted view and it becomes a twisted story OR in my way of thinking ,a LIE!
When breaking down production and cost between the four divisions, however, the clear cut winner was the Americas unit.
According to Bank of America Merrill Lynch, the division produced gold at $765 per ounce, almost $100 an ounce less than AngloGold’s operations in Africa — which should be the cheapest mining destination.
AngloGold’s African operations produced gold at $846/oz and the company’s Australian mines at $850/oz.
The United States comes in third on our list of the Top 10 Gold Producing Countries. With three quarters of the U.S. gold coming from just five states (Nevada, Alaska, California, Colorado, and South Dakota), most of the gold produced today comes from large open-pit heap leach mines. Nevada is responsible for almost 74 percent of the United States’ total production of gold, supplying more than 10 percent of State GDP. The USA is the world’s largest holder of sovereign reserves of gold, with nearly 26 percent of the world’s totals.
I've kinda been thinking about this as well. The more I think, probably the farther from the point I'm getting - but it's almost sounding like propaganda in some ways. It's talking up mining in the U.S., as though things work really great here. And in some areas, maybe it does. Same in Canada - some areas the gov't works with the miners, and other areas it doesn't. But what if.....?!?!? What if this piece is sort of a propaganda piece that is trying to paint a rosier picture than reality??
Well, I'm just saying - this is a major election year and, without getting into politics, you KNOW there's gonna be a lot of propaganda flying around this season! In this instance, "IF" (<-- that's a BIG if) this is in any way a propaganda piece, then it "MIGHT" have the intention of trying to make things on the home front a little more comfy than what it was at, say, this time last year.
...I really don't know. There is absolutely NO way I can know even a little whether this piece is politically motivated or not. Just seems a little funny (to me) that it would come out at this particular time.
Nice read man, I always figured that the US was the preferred location due to the lack of corruption and laws that govern the industry or hobby compared to other nations.
We have a place in Switzerland and only pay about 40 bucks a year to prospect there but certain environmental laws really slow things down on how it is extracted.
In Germany it just depends on what state you get your permit from and what cops you have to pay off, but the gold there is crap.
In Romania the gold is amazing if you you can get to it; then it is up to you if you are going to do it legal or not. When we went in for our permits there they tried to act like we had to pay thousands of dollars to prospect, then we showed our Interpol creds and asked how they felt about making headlines for corruption. Yeah it cost us about 13 bucks a year to play there.
Norway is also great, the sort of bush you can walk out with 12 ounces after a days work on a small Keene dredge, you just have to either sell there or smuggle it out. Selling there means taking 30% off the top.
Parts of Northern Africa is pretty nice if you are ready to pull your weapon on corrupt cops that try to rob you.
Greenland is really good too, but it just depends on how their government feels that day. Meaning if someone in that office has found something nice online they want to buy then you get to pay for it, and they do not care about making headlines.
I do not know anything about the industry its self, it is just a hobby and I never did better than 15 ounces in a day and never did it longer than 18 days in a row because I have a job and it is just my hobby. However with it being my hobby I can think of better places than the US I would prospect, but if I did it for a living then I would go to the US or CA because they have set laws in place and stand by them.
My brother in law makes his living this way; he is a German National but some year ago went to the US for a resident visa. He was very honest with them and let them know he had about 20 million dollars he wanted to put on an account in the US and pay US taxes rather than taxes in his own nation. They opened them doors real fast for him. He travels all over to some pretty messed up places for gold and platinum, but it always ends up in the US.