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Source document· February 18, 2026

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

View original at finance.yahoo.com
‘I could pay my bills off the gold’: Californians say the Gold Rush never ended — and treasure is still turning up FREDERIC J. BROWN / Getty Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below…
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  • 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 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

  • $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

  • 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

  • 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

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

    80% confidence

  • Gold prospecting income is highly variable and emotionally driven

    80% confidence

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

    80% confidence

  • Gold is all around in California rivers

    80% confidence

  • 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

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‘I could pay my bills off the gold’: Californians say the Gold Rush never ended — and treasure is still turning up — Source | Via News | fr.VIA.NEWS