Did you know, on August 17, 1896 prospectors discovered gold in Alaska? That discovery set off the Klondike Gold Rush.
Over 25,000 people descended upon the area to mine for gold. Men including teachers, doctors and other professionals mined for gold which helped contribute to the economic development of Alaska. Over 12,500,000 troy ounces have been mined from the Klondike area since the gold rush.
Today, gold is hovering around $1750 an ounce. Gold is a very popular investment. Jewelry accounts for around two-thirds of the gold purchased.
The karat system is used to determine how much pure gold is in the item. Most jewelry sold in the United States is 14K gold.