Can you dig it?
Thursday, March 17th, 2011One of the things that has always fascinated me was how so many people got caught up in the frenzy of digging for gold “back in the day.” People were killed over the rights to a parcel of land that they were trying to extract gold from. I think that it’s funny that nowadays people actually pay money to go on “gold digging” vacations – where they pay to go somewhere to pan or dig for gold. Shaking a gold pan? No thank you! I’d much rather take my vacations at DisneyWorld! Or maybe relaxing on a beach somewhere. I just can’t understand the draw to pay money to do that on a vacation; I can’t imagine anyone makes any decent money finding any gold doing that sort of thing!
As for me, I would think that the smarter way to make money digging for precious commodities would be to invest in mining stocks and let someone else take the risks and do the digging while I stay in the comfort of my own home and/or office. My sponsors seem to think so too! Since the price of oil is bound to continue to climb, coal mining will continue to do well and make money as the world looks for other ways to energize our lifestyles.