For our favorite precious metal, this is a euphoric time. Gold is great again, and all-American gold—even better.

The world's hottest mining belt right now is the U.S. state of Montana. With gold futures up 10 percent and spot prices up almost 7.5 percent in the first quarter, history is preparing to repeat itself with another gold rush.

And while the 'Wild West' itself has been tamed since the last gold rush, there will be nothing tame about Montana gold. The state is home to one of the world's biggest metals bonanzas, and its Silver Star Mining District is a gold belt with massive historic Gold Rush infrastructure and what Broadway Gold Mining Ltd. (TSX-V:BRD; OTCQB:BDWYF) is eyeing as some of the most lucratively underexplored and underexploited gold territory in the world.

The Broadway dream team gets it—this is a smart move on pure American gold. But so does China. In this race to stake new claims in Montana, there is growing concern that China may get too much of a foothold here for the national security interest to stomach.