Finding gold is not easy and that is clearly depicted on a show on The Discovery Channel entitled “Gold Rush Alaska”. The show features a group of amateur miners who were tempted by the rising value of gold so they headed to Alaska to find and mine their gold fortune. They set their plan into action by buying a claim spot, mining equipment and a lot of cash on hand.
The crew were rudely awakened to the harsh reality of gold mining when they got to Alaska. They met a lot of trials along the way such as frozen ground and broken equipment. Add to that the fact that they had to mine really deep underground before they could reach the depth where gold could be mined. It took them several months before they even saw a tiny grain of gold. When the first season of the show ended the amateur miners were only able to dig up 14 oz. of gold. This meant that they were not able to earn any profit from all the money that they spent on their mining venture in Alaska. It also means that finding gold is not easy even if a lot of people believe that Alaska is abundant in gold.
The reason gold is very hard to find is because it is a very rare precious metal. In order to find gold, miners have to dig several hundred feet only to find a small nugget of gold. It is said that all the gold that has been mined through the years only measures up to the size of a 20-yard cube. This only shows how rare gold is and how difficult it is to mine it.
Gold may be very rare but a lot of people wish to own it. This is because gold is a store of value. A lot of people in the United States still consider gold as money even after Nixon took the country off the gold standard. The rising demand for gold has only contributed to its already high value in the market. As the demand for gold in the market increases so does its price. This only motivates a lot more people to start owning gold. The good news is that owning gold is no longer as difficult as having to travel to Alaska with truckloads of mining equipment in tow. There are now many ways of owning gold and one way to do that is by buying gold coins.
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