1000 Ounces of Gold and The New Gold Rush
It’s the show that has got Discovery Channel viewers hooked and whereas its reality-TV stars have not yet made their fortunes, the network certainly has.
“Gold Rush” follows the trials, tribulations and triumphs of Father and son team Jack and Todd Hoffman and their crew as they mine for gold up in the Yukon, Alaska.
Its the stuff of reality TV as viewers get a taster of what it must have been like during the original Klondike gold rush as we follow the band of Oregon men struggle with equipment, mistakes and various mishaps as they follow their dream of finding gold.
Now into its third Season, Hoffman has set himself the lofty goal of digging up no less than 1000 ounces of gold. Given that they fell short of their 100 ounce goal in Season 2, they either know something we don’t or the enduring allure of the yellow metal has gotten to their heads!
So How Much is 1000oz of Gold Worth?
1000 ounces may sound like a lot but in fact it is just 2 and a half 400oz bars, the kind of bars you see high-tech heist theives struggling to pick up in the movies.
So it may not be much to look at but once again people are amazed when they find out how much 1000 ounces of gold is worth.
Well at $1600 an ounce its worth $1,600,000, at $2000 an ounce its worth $2 million dollars and at $2400 an ounce, which is where many gold bugs see gold going in the next year or so, 1000 ounces is worth a mighty $2,400,000.
Well, good luck to them then.
More About the Klondike Gold Rush
The Klondike Gold Rush was a frenzy of gold rush immigration to and gold prospecting in the Klondike near Dawson City in the Yukon Territory, Canada, after gold was discovered in the late 19th century.
Between 1897 and 1900, more than 100,000 people from many nations attempted to reach the Klondike, but no more than 40,000 reached Dawson City.
Some quit on the trail after experiencing too much hardship. Some returned to their original homes. Still others returned to Seattle and made it their permanent home.
The town whose population was a mere 42,837 in 1890, experienced a commercial and population boom as numbers reached 237,194 by 1910.
For those that did make it, the gold-bearing gravel found between the Yukon and Klondike Rivers brought as much as $22 million in 1900
