>>> finally, at a time when a lot of americans are struggling just to get by, one nevada city is in the midst of an economic renaissance, far from the bright lights and casinos of the vegas strip . as the price of gold remains sky high , the mines in elco are booming, and folks are coming from far and wide to get in on the action.
>> dawn in elco , nevada, and it's not just the sun casting the glow. there's gold in these hills, and for mine workers like devon judy, these are good times.
>> i feel fortunate, that's for sure. i know a lot of americans out there don't.
>> the mines are adding hundreds of jobs. so devon, a 22-year-old combat veteran, picked up and moved here. he drives a huge haller all day and at night, goes home to his family with a $60,000 a year paycheck he says he couldn't have found elsewhere.
>> what do you think your daughter's life is going to be like here?
>> very well provided for.
>> so many have come to elco , there's a waiting list at the rv park .
>> we have over 100 spaces.
>> full?
>> it's all full.
>> and construction companies can't build housing fast enough.
>> everybody in elco , we work for the mining industry . if don't care if you're selling doughnu doughnuts, this is the industry we're in.
>> take a look at how tiny the massive strucks look from here. that gives you an idea of the scale of the operation. this is about a mile wide, a third of a mile deep, and they have taken billions of dollars in gold from here. but that gold is microscopic and takes an expensive process to extract. only worth it when the price of gold is high. the mayor says they're cautious with they new-found wealth.
>> at scon0 $ 1600 , we're smiling. at $200, we're like, oh, what is going to happen?
>> they have seen ghost towns throughout the west, a constant reminder.
>> have you hit water.
>> all of the things you want and dream about when you get out of college, you can have here.
>> for elco , for now anyway, life is golden. nbc news, elelco, nevada.
Source: http://video.msnbc.msn.com/nightly-news/46899005/
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