Read the text of the Financial Times new gold rush article.

March 2008... Spot gold prices recently hit their highest prices in history ... near $1030 an ounce. Gold investors are euphoric. Many have waited 28 years for this moment. Where gold prices go from here will sure be fun to watch. See our gold charts. We'll also be posting selected commentaries and forecasts periodically from industry experts on the chart page.

2008 GPAA Gold Show Locations

The GPAA has updated their gold show schedule for 2008.

Cick here to view the new 2008 GPAA gold show schedule. Don't forget to bookmark our site here before you go so you can easily return.

11/07/07 Gold Price Outlook: Gold prices have been a real tear recently and have broken out of resistance and climbed to new highs. See the gold charts here.

Gold is well within striking distance its all-time high of $850 reached in early 1980. Very exciting!

Large gold sales by the Bank of Spain, and lately by the Swiss National Bank, have undermined gold sentiment, analysts said. But the weakness of the US dollar and strong physical demand from India, the Middle East and China have been pushing up prices also.

Expectations of further interest rate cuts, rising oil prices, and concerns about slower U.S. economic growth also tend to bode well for gold.

4/25/07 Outdoor Channel Holdings Announces the Sale of Its Membership Division Segment (GPAA LDMA)

By PR Newswire
TEMECULA, Calif., April 25 /PRNewswire-FirstCall/ --

Outdoor Channel Holdings, Inc. (Nasdaq: OUTD) today announced the sale of all assets, liabilities and operations related to its Membership division segment. Thomas H. Massie, vice chairman of the board of Outdoor Channel Holdings, purchased all outstanding shares and membership interests in Gold Prospector's Association of America LLC (GPAA) and LDMA-AU, Inc. (Lost Dutchman's) for $3.6 million cash, which represents the net book value of the division including approximately $2.4 million of cash on its books.

Members of the Massie family, including Thomas Massie and Perry T. Massie, chairman of the board of Outdoor Channel Holdings, founded GPAA and LDMA in 1968 and 1976, respectively, as gold prospecting-themed organizations.

"This transaction enables the company to focus all efforts and resources entirely on our core operations at Outdoor Channel and, we believe, is in the best interest of shareholders," said Roger L. Werner, president and chief executive officer. "We are pleased that Tom Massie will be able to maintain the long heritage of the Massie family with GPAA and LDMA. Both of these organizations will always remain, in spirit, a part of our company, and we wish Tom and the employees the greatest success in their future."

Outdoor Channel Out of Prospecting Business

Cable Network Sells Gold Prospector’s Association of America, Lost Dutchman’s Mining Association By Mike Farrell -- Multichannel News, 4/25/2007 11:46:00 AM The Outdoor Channel is no longer digging for gold.

The Temecula, Calif.-based network said Wednesday that it sold its two gold-prospecting businesses -- the Gold Prospectors Association of America and the Lost Dutchman’s Mining Association -- to company vice chairman Thomas Massie for $3.6 million.

According to a press release, the purchase price represents the net book value of the assets, including about $2.4 million of cash on hand.

As part of the deal, TOC modified its programming agreement with the GPAA and the LDMA, reducing the length of an agreement to sell airtime to the two entities to two years. Its previous deal with the two organizations, struck in 1998, was automatically renewable until 2012.

“This transaction enables the company to focus all efforts and resources entirely on our core operations at Outdoor Channel and, we believe, is in the best interest of shareholders,” Outdoor Channel CEO Roger Werner said in a prepared statement.

“We are pleased that Tom Massie will be able to maintain the long heritage of the Massie family with GPAA and LDMA,” he added. “Both of these organizations will always remain, in spirit, a part of our company, and we wish Tom and the employees the greatest success in their future.”

The GPAA and the LDMA were formed by Massie’s late father, George Massie, in 1968 and 1976, respectively. TOC was created in 1993 primarily to promote George Massie’s prospecting business.

The LDMA owns several parcels of land in Alaska, Arizona, California, Colorado, Georgia, Michigan, North Carolina, Oregon and South Carolina, which are used by members to search for small gold deposits and other treasures, as well as for hunting and fishing expeditions for an additional fee.

According to TOC’s 10-K annual report filed March 30, the LDMA charges a membership fee of $3,500-$3,700 and a $120 annual maintenance fee.

The GPAA -- which also publishes Gold Prospector’s & Treasure Hunters in the Great Outdoors magazine -- charges its members a $79 initial membership fee and annual renewal fees of $24-$54. Membership fees generated revenue of $5.16 million in 2006.

By RODD CAYTON The Press-Enterprise

Two membership-based businesses that blazed a trail for what became cable network Outdoor Channel have ended up the way they started: private, family-owned enterprises.

Thomas Massie, son of the founders of Gold Prospector's Association of America LLC and a second association for campground management, bought the businesses from Outdoor Channel Holdings for $3.6 million cash, the company announced Wednesday.

Massie and his brother, Perry, will continue to serve on the Outdoor Channel Holdings board of directors, Chief Financial Officer Bill Owen said. Combined, they own 39 percent of the company's voting stock, he said.

Owen said the two associations typically make small profits or lose money.

He said Outdoor Channel Holdings wants to focus on its core businesses, outdoor-recreation-related television and Internet programming.

"The board has been considering for quite some time whether it made sense for the membership business to be part of the public company," Owen said. "Industry analysts have been saying for quite some time that a pure-play TV channel would generate more interest."

The Gold Prospector's Association of America was founded in 1968 by George and Wilma Massie and promotes and supports the prospecting lifestyle. Owen said the association has about 33,000 members.

The Lost Dutchman's Mining Association, operated by LDMA-AU Inc., owns about a dozen campgrounds nationwide, Owen said, and its members, who number between 6,300 and 6,700, can use those sites for fishing, prospecting and related pursuits.

"This transaction enables the company to focus all efforts and resources entirely on our core operations at Outdoor Channel and, we believe, is in the best interest of shareholders," Roger L. Werner, Outdoor Channel Holdings' president and CEO, said in a statement. "We are pleased that Tom Massie will be able to maintain the long heritage of the Massie family with GPAA and LDMA. Both of these organizations will always remain, in spirit, a part of our company, and we wish Tom and the employees the greatest success in their future."

Thomas Massie couldn't be reached to comment on his plans for the companies, but Owen said Massie indicated that he would "provide continuity for membership employees and vendors."

Perry Massie, who doesn't own any of the spun-off divisions, is chairman of Outdoor Channel Holdings, and Thomas Massie is vice chairman.

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Other News:

Equipment Sales have been very brisk this spring and we are often running out of supplies. Be sure to order early to avoid delays on our most popular products. Also shipping rates are going up soon. USPS has announced a major change to pricing in May and we will have to adjust unfortunately. Order early to avoid price increases. We will study switching more of our business over to fed ex and UPS to try to compensate.

Recently returned from the annual GPAA Annual Gold Show in Primm, Nevada (about 35 mins. from Las Vegas). Lot's of fun. If you mised it be sure to visit a show this year. We hear it may be moving to Laughlin next year though so check back.

There are several gpaa gold shows all across the country - see our list of events below. Lots of new mining equipment demos and some cool gold and gem jewelry and other neat stuff. Plus you get to hang out with tons of people who share the same prospecting passion and interests.

Played a lot of poker with fellow prospectors - I think I'll stick with robbing the tourists. Prospectors can gamble it up with the best of them!

Hope I got a chance to meet you there - if not there is always next year!