Monday, 14 September 2009
Information About Gold and Prices
Like other precious metals, gold is measured by troy weight and by grams.
When it is alloyed with other metals the term carat or karat is used to indicate the amount of gold present, with 24 carats being pure gold and lower ratings proportionally less.
The purity of a gold bar can also be expressed as a decimal figure ranging from 0 to 1, known as the millesimal fineness, such as 0.995 being very pure.
The price of gold is determined on the open market, but a procedure known as the Gold Fixing in London originating in September 1919, provides a daily benchmark figure to the industry. The afternoon fixing appeared in 1968 to fix a price when US markets are open.
It Is the best time to sell any unwanted gold items. I have done so recently and couldn't believe when I saw the cheque! It really is the time.
Saturday, 12 September 2009
Information About Gold state that gold is going up and up
I personally have been in the deflation camp for some time now, but am now starting to come around to the inflationary side. Here’s why:
I wrote awhile back that I thought oil was a better hedge against inflation just because of the utilitarian value of it vs. gold. This sent the gold bugs into a tizzy. Well, I’m now firmly in their camp.
…this time we’re going to see the pop in gold price that the gold bugs have been waiting for.
The reason I think we’ll see gold move disproportionally higher than oil and other commodities is because gold is more of a tradable asset and is not something that the average citizen will be affected by.
I would not be surprised for market in oil “act irrationally”, meaning there will be some outside force acting upon it (perhaps selling out of the Strategic Petroleum Reserve?) to keep prices lower in an attempt to keep the masses at bay.
…long oil is not the play, money will flow to gold. This is something that the administration can live with as well as the average citizen.
Not to mention the gold bugs, who’ll be dancing in the streets!
Thursday, 10 September 2009
Heres some Information About Gold and Main producers
I found this information about gold.....
In the United States, Alaska and Nevada are the main producers of gold.
Nevada produces the majority of the gold produced in all of the United States.
The remaining are from placer deposits in Alaska, and other gold deposits in western states. Most of the gold recovered in the United States is recovered by only about 30 mines.
The largest gold mines in the United States today are located in northern Nevada.
Brazil and Canada export significant amounts of gold to the United States
In the United States, Alaska and Nevada are the main producers of gold.
Nevada produces the majority of the gold produced in all of the United States.
The remaining are from placer deposits in Alaska, and other gold deposits in western states. Most of the gold recovered in the United States is recovered by only about 30 mines.
The largest gold mines in the United States today are located in northern Nevada.
Brazil and Canada export significant amounts of gold to the United States
Tuesday, 8 September 2009
Information About Gold Yet to be found
Information About Gold - Yet to be found
It is estimated that the total amount of gold yet to be retrieved from the Earth is 100,000 tons. South Africa is the world’s largest producer of gold and is estimated to have half of these gold resources.
The United States and Brazil each have significant amounts of the world’s gold resources. Approximately one-fifth of the total resources of gold in the world is by-product from copper and silver ores
It is estimated that the total amount of gold yet to be retrieved from the Earth is 100,000 tons. South Africa is the world’s largest producer of gold and is estimated to have half of these gold resources.
The United States and Brazil each have significant amounts of the world’s gold resources. Approximately one-fifth of the total resources of gold in the world is by-product from copper and silver ores
Sunday, 6 September 2009
Information About Gold and Source
Information About Gold - Sources
Gold is found in two major types of deposits.
Lode deposits are deposits where gold is found in cracks and veins in rocks.
These are also called vein deposits.
The second type of gold deposit is called a placer deposit.
Placer deposits are formed by moving water that has eroded gold out of lode deposits.
When the speed of the water in a river slows sufficiently, the heavy gold falls to the bottom and accumulates in the sand of the riverbed.
A third major source of gold is as a by-product of copper and silver mining. Gold is so valuable that it is worth the effort to recover even minute amounts from copper and silver ore.
Gold is found in two major types of deposits.
Lode deposits are deposits where gold is found in cracks and veins in rocks.
These are also called vein deposits.
The second type of gold deposit is called a placer deposit.
Placer deposits are formed by moving water that has eroded gold out of lode deposits.
When the speed of the water in a river slows sufficiently, the heavy gold falls to the bottom and accumulates in the sand of the riverbed.
A third major source of gold is as a by-product of copper and silver mining. Gold is so valuable that it is worth the effort to recover even minute amounts from copper and silver ore.
Friday, 4 September 2009
Information About Gold and Where did the name come from
Information About Gold - Where did the name come from
Name
Gold’s chemical symbol is Au.
It comes from the Latin word aurum which means shining dawn, a reference to its bright yellow color and shiny luster.
The English word gold has its origins in Middle English.
Name
Gold’s chemical symbol is Au.
It comes from the Latin word aurum which means shining dawn, a reference to its bright yellow color and shiny luster.
The English word gold has its origins in Middle English.
Wednesday, 2 September 2009
Information About Gold and Facts
Information About Gold Facts
Scientifically speaking, gold is an element, a metal, with an atomic number 79.
Its physical and chemical properties make it ideal for a number of applications. It is very stable and as a result seldom combines with other elements.
In other words, it does not corrode or rust.
It conducts electricity very well (only silver and copper are better conductors of electricity).
It conducts heat very well. Gold is very malleable which means it can be hammered into shapes. Gold is so malleable that it can be hammered into a sheet so thin that light can pass through it.
It is also ductile, which means it can be drawn into long, thin wires: a wire thread approximately 50 miles long can be drawn from a single troy ounce of gold (31.1 grams). It is also one of the densest metals: a cubic foot of gold weighs over 1,200 pounds.
Scientifically speaking, gold is an element, a metal, with an atomic number 79.
Its physical and chemical properties make it ideal for a number of applications. It is very stable and as a result seldom combines with other elements.
In other words, it does not corrode or rust.
It conducts electricity very well (only silver and copper are better conductors of electricity).
It conducts heat very well. Gold is very malleable which means it can be hammered into shapes. Gold is so malleable that it can be hammered into a sheet so thin that light can pass through it.
It is also ductile, which means it can be drawn into long, thin wires: a wire thread approximately 50 miles long can be drawn from a single troy ounce of gold (31.1 grams). It is also one of the densest metals: a cubic foot of gold weighs over 1,200 pounds.
Monday, 31 August 2009
Information About Gold and Background info
Information About Gold Background info
Information About Gold Background info
Gold is described and known as a precious metal.
The combination of gold’s relative scarcity and its obvious beauty has made it a very valuable commodity throughout the history of humanity.
It is most probably the oldest precious metal known to man. Wars have been fought over it and countless numbers have died trying to gain it or protect it.
Information About Gold Background info
Gold is described and known as a precious metal.
The combination of gold’s relative scarcity and its obvious beauty has made it a very valuable commodity throughout the history of humanity.
It is most probably the oldest precious metal known to man. Wars have been fought over it and countless numbers have died trying to gain it or protect it.
Saturday, 29 August 2009
Information About Gold and introduction
Information About Gold
Gold: Used in dentistry and medicine, in jewelry and arts, in medallions and coins, in ingots as a store of value, for scientific and electronic instruments, as an electrolyte in the electro-plating industry.
South Africa has about half of the world’s resources. Significant quantities are also present in the U.S., Australia, Brazil, Canada, China, and Russia.
Gold: Used in dentistry and medicine, in jewelry and arts, in medallions and coins, in ingots as a store of value, for scientific and electronic instruments, as an electrolyte in the electro-plating industry.
South Africa has about half of the world’s resources. Significant quantities are also present in the U.S., Australia, Brazil, Canada, China, and Russia.
Thursday, 27 August 2009
Information About Gold
Welcome to the Information About Gold site!
This blog will help you to learn all the tips and tricks for Information About Gold.
This blog will help you to learn all the tips and tricks for Information About Gold.
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