A place containing fabulous riches is often referred to as El Dorado , a legendary city or land imagined as overflowing with gold and wealth.

Meaning of the phrase

  • In modern English, El Dorado means “a place of fabulous wealth or opportunity,” not just literally rich, but also symbolically full of promise and abundance.
  • The phrase is used for anything seen as a near-mythical source of prosperity, such as a booming city, a gold rush region, or a lucrative market.

Historical background

  • Originally, El Dorado referred to a legend among 16th‑century Spanish explorers about a city or country of immense riches in South America, supposedly laden with gold.
  • Over time, the idea shifted from a single city to a general myth of a golden land, and then into a metaphor used in literature, news, and everyday speech.

Use in puzzles and culture

  • In crosswords and word games, clues like “fabled place of wealth” or “mythical place of fabulous wealth” usually point to EL DORADO (often written as “El Dorado” or “Eldorado”).
  • Writers and journalists still use El Dorado today to describe locations or opportunities that seem to promise extraordinary riches or success.

TL;DR: A place containing fabulous riches in classic and crossword-style wording is almost always El Dorado , the legendary golden land and now a metaphor for any dreamlike source of great wealth.

Information gathered from public forums or data available on the internet and portrayed here.