Wed, Aug 14, 2013
The Best 'Pick And Shovel' Stock For The Energy Boom
During the 1849 California gold rush, the yellow metal sold for between $12 and $35 an ounce. That was enough in those days to make you rich -- if you could find it.
But consider this: Because the Western frontier was undeveloped at the time, the price of basic goods for these intrepid miners was through the roof.
Eggs cost $3 each. A bottle of whiskey cost $16. According to "The Gold Rush Chronicles," a history of the period: "Pills were $10 each without advice, $100 with."