Soaring gold prices are fueling a rush for the next big discovery in the Black Hills, but gold miners and prospectors are encountering opposition.
One reason for the surging prices is the down economy. Some people see gold as a safe investment, so they scramble to buy it in times of economic uncertainty. That sends the price higher.
In August, the price hit $2,000 an ounce for the first time ever.
That’s motivated some investors to do more than just buy gold. Some are also investing in the search for places to mine it.