In 1860, a group of 10 prospectors struck gold in Idaho and caused one of the largest gold rush migrations in American history. This gold rush ultimately led to the creation of the Idaho Territory in 1863 and a legacy of mining upon which Idaho was built. Today, mining continues to be a lucrative industry in Idaho.
The Gold and Silver Division has been working since 2004 to identify the most feasible, lucrative commercial mining projects throughout the northwestern United States. Since that time, several projects have been identified that prove to have high-quality deposits and the opportunity to keep mining operations small-scale and efficient to maximize profit potential.
Why Precious Metals in Idaho:
The abundance of mining prospects within the State of Idaho provides a lucrative opportunity to acquire them for fair market value and fund them into production.
Gold areas indicate significant metal reserves in the Northwestern United States
In addition, several industry factors ensure a vibrant market for precious metals:
- Supply and Demand
The world gold supply totals 4.8 billion ounces, leaving just 0.7 ounces per person. With the world’s leading economies using gold to hedge against weakening currencies, the world gold supply is decreases rapidly, and in turn, has significantly increased demand for this commodity.
- Increasing Rarity and Increasing Production Costs
With each ounce of gold taken from the ground, gold becomes more difficult to locate and extract. Since 2003, gold production costs have increased by 171 percent. Overall, this effect causes gold to become more valuable.
- A Weakening Dollar
Investors and individuals alike are turning to commodities like gold to hedge against the effects of the weakening dollar as gold maintains its intrinsic purchasing power.
- Economic Uncertainty
Despite economic instability, gold has historically been immune to the rise and fall of the market. Gold is always and asset.