Gold Fever: Hunting For Gold in Alaska

"Nightline's" Bill Weir set sail on the Bering Sea with gold hunters Zeke Tenhoff and Emily Riedel.
3:42 | 01/24/13

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Transcript for Gold Fever: Hunting For Gold in Alaska
-- of pictures. This all led to greater opportunity to fly up over the -- and how dangerous to the upper left hand corner of Alaska and land. In the town of no. Place best known as the finish line to the Iditarod sled dog race but it discovered that when the snow and ice is gone. It is the most god forsaken town in America -- -- the locals but even the statues. Are depressed. -- Gasoline is six bucks a gallon just one indication of the insane cost of living. This is the chamber of commerce servicing a handful of restaurants and bars few. Shot ski shops -- they sell trinkets -- out of -- ivory. And then there is gold. Which explains why anybody would be up here they've been chasing his precious -- for over a century in the old days you could pick nuggets -- off the beach. But these days you gotta get wet to get -- -- four Z ten off and his ex girlfriend Emily Riddell. That's a problem. Now they may look like pictures from Manhattan are priestess from Seattle in fact -- a classically trained opera singer. But they are modern prospects. Because when the global economy crashed and gold got up to 18100 bucks announced -- made a lot of sense to build a vessel called the edge. Out of scraps of steel and plywood. And go on the hunt. This is the captain's quarters they've got a mural on the wall that proves this is the modern version of the prospectors Borough and gold -- Z tends to his junk -- pump system that he uses to vacuum dirt up off the bottom of the Bering Sea in. Every day for eight hours a day he slips into this. Old musty wet suit what's the hot water -- down there to keep from freezing in jumps into the chilly waters of the Bering Sea. Now this setting in these characters. They make for some great reality television that is what the folks at the Discovery Channel have learned with bearing -- -- to show that follows the roller coaster ride. That comes with getting bitten by that gold -- As -- coming up after a bit of dredging at the bottom they look at this sleuths box. Carpet hoping to see just a glimmer. Just a glimmer of color there that could make them rich at least for a day now -- this is that the crude and of the Bering -- prospecting scale. The Christine rose as well this is a deluxe rig. This baby was put together. By a guy from Minnesota who grew up on a farm Steve Palmer -- -- to be a good mechanic. And he got the gold bug a couple of decades ago and so uses mechanical skills to build this navy. He's got a stated the -- bathroom suite. Right there very luxurious. Here's his cutting edge security system. But the beauty of the Christine rose is that he doesn't have to get way he. He let tobacco do all the -- -- shovel full after shovel full eighteen hours a day. Digging up dirt from the bottom of the sea running it through this loose box read even built in the famous son Sean looking for those flakes -- color. They say -- up -- up 20000. Ounces of gold millions of dollars worth. Over the years but one bad one bad season can wipe out the entire. Fortune. We'll go behind the scenes of this unique show and get the minds of those afflicted with gold fever. Tonight. On Nightline.

This transcript has been automatically generated and may not be 100% accurate.

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