>>1658023>All mines are one hit wonders, that is kind of the point.not at all
what a lot of folks don't understand is that up until about 1932 gold and silver values were fixed by the US government, right? So gold was worth $16 per ounce and silver a buck an ounce.
Then during both world wars it was illegal to mine gold and silver because miners were needed to get iron, copper, moly, zinc, lead, etc. for war.
After the wars gold was fixed at $35 per ounce and it was illegal for most americans to own. Silver likewise had a fixed price tied to the currency.
It was only in 1975 or 76 that it became legal to own gold in the US, and the prices of gold and silver were set free on the open market.
So, very long story very short, there were a shitload of gold and silver mines in the US that were either shut down by war or by artificially low prices that have only fairly recently gone WAY up. There are entire mineral regions that are booming all over again because of this. But not where you're looking, because those suckers were tiny, and played out extremely quickly compared to a number of other mining districts.
