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New gold rush

They've been talking about the gold in California's hills since 1849, when tens of thousands of pioneers rushed across the continent or even sailed round Cape Horn to join the fabled gold rush that transformed this remote rural backwater into the beating heart of the American dream.

Today, record gold prices, widespread economic turmoil, and the enduring optimism of America's entrepreneurial classes have combined to entice fresh swarms of prospectors to head west in search of hidden riches beneath the picturesque hills and ravines of the Golden State.

The "new 49ers," as today's wave of fortune-seekers are known, are a breed apart from their historic predecessors, driving trucks and SUVs down the dusty tracks first created by trains of horse-drawn wagons nearly 160 years ago. But they share with them a timeless predisposition for what veterans call gold fever. "It's like going to Vegas, except with this, we actually get to win something," said Mike Dunn, clutching almost an ounce of nuggets unearthed from the south fork of the Feather river last Sunday. "We've just hit a halo of gold, and this lot alone must be worth between $500 (£250) and $1,500. I've just about paid for my trip already."
Read entire article at Independent (UK)