Alaska Gold Rush

June 15, 2008 5:05 AM | Alaskan Photo Tours

alaska gold rush

A brief history of gold

Gold has a place in history, regardless of country of origin. Maybe it has to do with the fact that gold is seen as a common currency in all countries in the world. Gold is no limit. The story goes that gold coins have been minted since around 670 a. C. when King Gyges of Turkey minted some gold coins for his personal currency when traveling. The Roman legions were apprehensive when Julius Caesar first issued gold coins payment for their services. However, the tone changed when the legions soon realized that gold rose in value.

Today, gold coins stock having a par value that is almost purely symbolic. The true value of a gold cup of broth is the gold peso for the content and the ever-fluctuating price of gold in the market world. A gold coin of an ounce is worth the market value of an ounce of gold at around 5% less for the minting and shipping. Of course, the stock exchange come in various weights common: 1 / 20 ounce, 1 / 10 ounce, quarter ounce, half an ounce and, finally, a one ounce coin. Gold is a soup and coins are legal tender gold are guaranteed authentic by the country of origin. Almost anyone can buy and sell gold coins due to various market acceptance.

In 1489, King Henry VII introduced the gold coin for the first time in the world market. In Britain during the First World War, Great Britain because of ticket problems gold stock was needed to finance the war. Soon, these notes completely replaced the use of gold sovereigns. The gold sovereign ceased production of gold mint in 1917 and began again in 1925. After production stopped by the First World War and resumed in 1957.

There are many famous discoveries of gold in several of regions. These findings caused enormous gold gold rushes. Gold rushes caused large numbers of people to migrate to these areas. Places such as the Alaska Gold Rush, that occurred in Forty Mile Creek in 1886. In August 1869, gold was discovered in Bonanza Creek – a part of the Klondike River, Yukon Territory. In a year from winter , 1896 and ending in 1897, miners pulled millions of dollars in the stock of gold. In 1915, more than $ 50 million was exported from Alaska to United States. The 1898 gold rush was a modern event. With the addition of media, the gold rush had a wide media coverage of the world. This coverage media sent people running to the place of gold.

The history of gold is an interesting example of human endurance. It is estimated that only 120 to 140 thousand tons Gold is available on the surface. Surprisingly, only 1.8 trillion U.S. dollars a total of USD in gold above the ground. Compare this with the total U.S. debt nearly $ 7 billion. Furthermore, only USD 375 billion U.S. dollars held in reserve in the banks around the world U.S. $ 1.3 trillion U.S. dollars Gold is privately owned.

About the Author

Steve Thomas writes about
history and runs a gold related resource website at

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