‘I could pay my bills off the gold’: Californians say the Gold Rush never ended — and treasure is still turning up

What we drew from this source

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• A 25% portfolio allocation to gold is not excessive; gold is an insurance policy likely to remain in a winning mode amid dollar weakness

  80% confidence

• An amateur treasure hunter can expect around $50/day; a serious prospector can earn $100 to $15,000

  80% confidence

• Manny Goza has been prospecting at Bear River since 2005 and bought a house in 2010 from gold income

  80% confidence

• Since the pandemic, home price appreciation has outpaced wage growth, making starter homes less attainable for many

  80% confidence

• Gold will reach as high as $6,200 per ounce by the end of 2026

  80% confidence

• Gold should be thought of as the most established form of money, not just a metal; unlike fiat currency, gold lacks inherent credit and devaluation risks

  80% confidence

• In the current environment, gold can easily rise to $10,000 an ounce

  80% confidence

• Housing prices have skyrocketed by more than 225% over the past 30 years

  80% confidence

• Most people do not have an adequate amount of gold in their portfolio; gold is an effective diversifier in bad times

  80% confidence

• $100 in 2025 has the same buying power as $12.06 did in 1970, illustrating the decline of the dollar's purchasing power

  80% confidence

• Gold prospecting income is highly variable and emotionally driven

  80% confidence

• Gold is all around in California rivers

  80% confidence

• Gold remains a dynamic, multifaceted portfolio hedge and investor demand has been stronger than previous expectations; gold prices will hit $6,000 per ounce by end of 2026

  80% confidence

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