At 2:49pm EST on December 5, 2008, the spot price of a troy ounce of gold is US$758.05.
Gold was discovered in Sacramento in January 1848 when James W. Marshall found gold at Sutter's Mill, triggering the California Gold Rush.
A person who digs gold is called a prospector or a miner.
Gold is typically found in ore deposits within the Earth's crust rather than in caves. However, some caves may contain traces of gold if the cave is located in a gold-rich region or if gold-bearing water has flowed through it. Prospectors may stumble upon gold deposits near caves, but the cave itself is unlikely to be a primary source of gold.
Fool's gold is not discovered by an explorer, but rather a nickname for the mineral pyrite, which has a gold-like appearance but is actually iron sulfide. The term "fool's gold" comes from its deceptive appearance, leading people to mistake it for real gold.
Gold searchers were known as prospectors or gold miners. They typically used tools such as pans, sluice boxes, and pickaxes to search for and extract gold from rivers, streams, and mines.
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