Historical facts about gold.
How was gold mined in the past? We might have learned about this by reading Jack London books, we watched westerns, adventure movies and we saw that gold was sifted in the wind or washed in the river. And in fact, it was very easy…Read More
Top 10 biggest gold mines.
1. Grasberg Freeport McMoRan’s Grasberg copper-gold complex in the Indonesian province of Papua produced nearly 2.7 million ounces of gold in 2018. The original deposit was discovered in 1936 by a Dutch geologist who called it Ertsberg or “ore mountain”. The mine, which provides work…Read More
DBS Bank: it is time to Invest In gold.
According to the Singapore DBS Bank, now is a good time for investors to increase their positions in gold. The vice president of a branch in Taiwan believes investors should use the current moment to buy a yellow precious metal. For the past 12 months,…Read More
Gold Standard.
The gold standard was a commitment by participating countries to fix the prices of their domestic currencies in terms of a specified amount of gold. National money and other forms of money (bank deposits and notes) were freely converted into gold at the fixed price.…Read More
Huge gold-encrusted rocks unearthed in Australia.
Miners in Western Australia say they have discovered two huge gold-encrusted rocks that are each estimated to be worth millions of dollars. The largest specimen, weighing 95kg (210lb), was found to contain more than 2,400 ounces of gold, Canadian miner RNC Minerals said. The company…Read More