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I love this show. Living the American dream in Alaska. Parker is the man. The Hoffmans are finally making some gold. And the old man Fred seems to know his shit. I know this topic has been posted before, but I cannot wait each Friday for the show to be on. Helps get me through the work week thats for sure.
If I knew anything about excavating, panning for gold, or any mechanical background I would want to set up shop in the Klondike and start living the American Dream. Anyone with me???
The profitability of these small, unorganized and usually dangerous operations is made possible by the astronomical rise in gold prices the last few years (today gold is at $1,659/oz), which is actually a sign of the collapse of the "American Dream".
While it is too OT to cover all the reasons for gold's rise, it is very real, and the bottom line is lack of confidence in the world's reserve currency, the dollar. When the dollar does finally collapse (the process has already started actually but not obvious to the public yet) the best estimates put the price of gold up to b/w $5,000-7,000/oz.
If you are young and don't have a family go now!
The show is produced so that it is pretty predictable evey week(with all the teams)....i.e. high promise for gold...Major.equipment breakdown...problems......takes time to fix/resolve.......re-dig/re-load......wait till the very end to show any results......suspense at the pouring for the gram total.......I get frusturated waiting for the results! I like the show however..its a guys show pretty much......
That's why some of us invest in precious medals/commodities while other foolishly invest in the stock market.
Plenty of people still mine in northern CA. Don't have to go all the way to Alaska. So much of northern CA is still so untouched
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