All the Gold ever extracted is 160,000 tons (in 2009) , The American Debt = 14 Trillion Dollars = 1.8 All the Gold ever extracted in Human History !!! The monetary mass in the US is increasing by 15% a year ! Total gold divided by people in the world gives each of us 23 grams
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Friday, June 3, 2011

10 Interesting Facts about Gold

10 interesting facts about gold and gold bullion : Gold has a density of 19.282 it is one of the densest elements it is nearly twice as dense as lead but slightly lighter , it is denser than copper . The USA has the largest gold bullion reserves in the world ( at least as announced by the governments ) . the purity of gold is measured in carats a 24 carats equals 99.99% purity , 2k is 91.67% pure , 18k is 75% pure , 14k is 58.3% 12k is 50% , 10k is 41.67% pure , 9k is 37.5% pure . The South African Kruggerand was the first gold bullion coin to be mined (in 1967) and is today one of the most popular gold coin bullion along with the Canadian maple leaf and the American eagle . Modern gold medals must be 92.5% silver (not gold LOL ) and covered with 6gms of gold . The largest gold nugget ever found is called Welcome Stranger found in Australia in 1859 it weighted over 78kg and produced 71 kg of gold . The largest gold coin ever minted was created by the Royal Canadian Mint in 2007 it weights 100 kg and has 50cm in diameter . Gold is highly malleable , a single ounce can be turned into a 50 mile long thread of pure gold cable . As of 2009 all the gold mined in the world totaled 165.000 tons . This would fit into three Olympic sized swimming pools ( 20.4 meter cubed )




Related ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) SPDR GOld ETF (GLD), Powershares DB SPDR Gold ETF (GLD), Newmont Mining (NEM), Barrick Gold (ABX), GoldCorp (GG)

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