As a child, I grew up in Warrandyte in Victoria, Australia. I was always interested in the gold sluices that were prolific in the Yarra river where we would swim as kids. We would see people that would scuba snorkel with pumps and sluices and they would show us their alluvial gold that they found. So as kid I was hooked on gold.
When I was around 20 I bought my first one-ounce gold bar and I think it was around $300 per ounce.
When I was dating my fiancé Estela around 1975 I would take her camping to Bendigo and go to the Beechworth area. We would go to our secret spot and we would sluice and work the rivers and creeks and pan for alluvial gold. We still have the first ounce of alluvial gold we panned.
Once we camped on a nice green sandy spot and woke up early in the morning with water flowing into our tent as a storm that night had sent a torrent of water down the creek and we made it to shore to watch the tent disappear in the flood.
Another time I set up the tent and later I found it was on top of an ant’s nest which was not a very pleasant experience. On our last trip my Estela went for a walk on a low depth of water as she couldn’t swim but she fell into a huge hole. I was lucky to swim to her as she went under for the third time.
So that was the end of our adventure of panning for gold.
My older brother moved into the Bendigo area and has fossicked and enjoyed panning for alluvial gold on weekends. When we moved to Perth, Western Australia, we would visit the Perth Mint and we still have the first gold bar we purchased around 1982. We would visit the Perth Mint on weekends with our kids and we would always buy some gold or silver bars and coins.
Around the year 2000 we were appointed Perth Mint distributors. Since then my policy is to always buy something regardless even if not the spot price. If I thought prices were high I would buy lower value items but if I thought prices were low or reasonable I would buy more. I never tried to buy on a low market and to sell on high market.
For the last 20 years I have heard buyers say the gold price is too high, so they never buy gold and now it’s too high and they say the same. Buyers should enjoy the physical purchase of gold as nuggets, bullion bars or gold coins. Gold is an enjoyable commodity to own and to hold this precious metal and to enjoy its beauty.
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