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Fear fueled by the euro crisis and the threat of sovereign insolvency in the US has driven up gold prices to a record high: 1,600 dollars (1,138 euros) per ounce (31 grams). As a result, Germans “are now prospecting in our rivers,“ reports Bild. “Where can you find gold in Germany?“ wonders the tabloid, which concludes that the best place to look is in Saxony, where large crowds have been attracted by special tours for budding gold hunters. According to geologists, there are still 32,000 tonnes of the precious metal waiting to be extracted in Germany. In principle mineral wealth is the property of regional governments in the country, but amateur prospectors are allowed to keep whatever they find in water. However, the newspaper warns that they will have to plan on investing in their hobby: in boots (15 euros), waders (50 euros), metal pans, a mutimeter to check the composition of their finds (15 euros) and taxes payable to the regional government (which vary from state to state).
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