Gold Rush star Parker Schnabel has been trying his best to make a profit out of his $15 million Dominion Creek investment. The area is part of the Klondike gold district, which has been producing gold since 1898. The land is notorious for its “placer gold,” which are gold deposits from a volcanic eruption. But Parker and his team continue to face setbacks this season, especially when it comes to their equipment. However, some fans on social media think Parker is making a massive income this year. Keep reading to see why.
Gold Rush: Fans Doubted Parker Schnabel’s Huge Investment
At the age of 28, Parker made one of the riskiest decisions in his life. He used up all his savings to purchase a part of the Klondike gold district. It’s currently the main focus of Gold Rush Season 15. However, some fans are starting to doubt Parker’s investment. According to some, there’s no way Parker would profit or break even from his $15 million investment in just a short amount of time. Not to mention, he has also purchased expensive tools to be able to dig gold more efficiently. But the recent changes in gold value may turn the tides for Parker and his team.
Parker’s Gold Earnings Going Massive This Year?
Some Gold Rush fans on social media discussed why Parker Schnabel’s gold earnings may explode this year. According to the poster, the gold value is predicted to hit $3,500 per ounce this year, which could be a huge profit for Parker and his team. The OP also believes that Parker is now going to look very smart with his investment. Meanwhile, some people mocked Todd Hoffman, who recently bought a gold mine, and said he would still lose money despite the increase in gold value.
- “Todd Hoffman would still manage to lose money.”
- “At these prices running old timer tailings through a plant starts to really make sense.”
- “Can you imagine how much gold Jack would be pocketing with these prices.”
- “Is now the time to clean up the spots that wouldn’t have been worth doing or high grade the good stuff? Or do both?”
- “Been a tough season this year but you have to believe he is setting himself up for success next year. He now knows what and how deep he needs to strip to not have frozen pay. I imagine next year he will hit the ground running.”
Gold Rush: How’s Parker Schnabel Today?
Parker Schnabel is still active on social media despite his busy mining schedule. The Gold Rush star has been showing signs that he’s now well-off in life. Some fans previously spotted him in courtside seats at a Los Angeles Lakers game. He has also been traveling to beautiful beaches, and some of them show that he’s seemingly alone on the island. Parker recently took to social media to share a clip of him and his digging team making some new excavations.
