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Product Gallery How to Purchase Gold & Silver All about Scrap Evaluation Why Invest in Silver Why Invest in Gold


about Gold Country Mine

Gold Country Mine opened our doors November 1st 2010. We are family owned and operated in Nevada City, California. We are long time local residents with previous experience in the industry; as well as personal investing. We operate our business with the utmost integrity and empahsis on serving our customers. We are always interested in having our clients fully understand and be comfortable with our handeling of thier transaction no matter how large or small.

We are located in "Gold Country", with currently operating mines; such as the Sixteen to One Mine in near by Alleghany, operating since 1896 and still mining. See their website for more information.
Grass Valley is home to The Empire Mine, it is the site of the oldest, largest, and richest gold mine in California. From 1850 to its closing in 1956, it produced 5.8 million ounces of gold. The Empire Mine

Why Invest in Silver

Silver is one of the chemical elements. Silver's chemical symbol is Ag and its atomic number is 49 (Gold's symbols is Au, and it's number is 79). Silver is above Gold in the Periodic Table of the Elements. Silver has similar characteristics to Gold. Silver is relatively inert and malleable. Silver does tarnish. The best way to clean silver is with mild soap and warm water and then pat dry with a soft cloth. Chemical cleaners such as silver polish are completely unnecessary. Silver is both an Industrial Metal and a Precious Metal. As an industrial metal Silver has many uses. Silver has the highest electrical and thermal conductivity of any element. Silver was critical to the photographic industry before digital cameras. The term Silver Screen refers to the fact that Silver was actually embedded into early movie screens. Silver kills bacteria and is used in water filters for that purpose. New uses of Silver are found almost daily.
As a precious metal for money Silver has no equal in its widespread use. Silver coins are among the oldest examples of coined money. Gold is too valuable for everyday common use historically being worth sixteen times Silver. Silver prices are quoted in Troy Ounces. Silver futures contracts are traded on the COMEX in New York and on the London Metal Exchange. The Spot Price is published by the exchanges and is derived from the futures prices. COMEX Silver futures contracts are for 5000 ounces cast into 1000 ounce bars. The vast majority of the activity on the COMEX is done by trying to make money on price fluctuation. The price of Silver set by the COMEX differs greatly from the Silver price paid by individuals for small amounts of Silver coins or bars. There is a big difference in that these small individual transactions involve real physical Silver not paper contracts on an exchange. Thus, the Silver price for small amounts can be as much as 100% over the COMEX price. In times of economic uncertainty Silver can be very difficult to get as Silver is the money of the common person. Another thing to keep in mind is the historical ratio between the Gold price and the Silver price. Over the long term one ounce of Gold is worth sixteen times that of one ounce of Silver. When the Gold/Silver ratio gets far from sixteen you expect a return to the mean. Silver price moves can be very volatile. Everything that was said about how to think about owning Gold is true of Silver. Silver is insurance. Persons of modest means should make Silver their first priority. Silver is the money of everyday transactions. One ounce bullion coins and ten ounce bars are most convenient. We reccomend that precious metals holding ratio be thirty to forty percent in silver the remainder in gold.


Why Invest in Gold

Of all the precious metals gold is the most popular as an investment. Investors generally buy gold as a hedge or harbor against economic, political, or social crises (including investment market declines, burgeoning national debt, currency failure, inflation, war and social unrest). The gold market is subject to speculation as are other markets, especially through the use of futures contracts and Derivatives. The history of the gold standard, the role of gold reserves in central banking, gold's low correlation with other commodity prices, and its pricing in relation to fiat currencies during the financial crisis of 2007-2010, suggest that gold behaves more like a currency than a commodity.
It's higher value per troy ounce in relation to silver makes gold desirable for larger investments because it is more easily transported and stored.