![]() Investors typically turn to gold during times of political and economic instability. As a result, the association is preparing to hire more staff. New memberships are increasing, and the number of membership renewals at the close of 2007 was twice as high as the year before, said Brandon Johnson, the director of operations. The group has received hundreds of calls and e-mails from interested gold seekers. “I saw more people walking out with more metal detectors and sluice boxes than I can remember in a long time,” said Ken Rucker, general manager of the 45,000-member association. ![]() A trade show recently hosted by the Gold Prospectors Association of America in Orange County, Calif., typified the trend. ![]() Membership in gold prospecting clubs is climbing nationwide, along with sales of pans, dredges, metal detectors and other small-scale mining equipment. But once the spring thaw arrives, they anticipate seeing additional prospectors. Telgenhoff and two other miners normally have this narrow valley southeast of Anchorage all to themselves after the winter freeze. Gold reached a new high of $924.30 Friday, before easing back to settle at $910.70. You don’t get rich doing this.”īut with gold prices reaching an all-time high of $900 an ounce and the economy slumping, Alaska expects to see more and more people trekking to the edge of the continent in search of gold. “I’ve made a lot of money at it, but I’ve spent a lot, too. “We do real good in the wintertime because the creek’s so low,” said Telgenhoff, dressed in a sopping leather hat and drysuit.
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