Gold

999 gold is considered the best purity of gold readily available, and is described as being 24 carat. This refers to purity in parts per 1,000 – known as fineness – meaning 999 parts are gold. Pure gold is soft and malleable, making it impractical for many applications. When used …

What is 9 carat gold? Commonly found in jewellery, 9 carat gold is an alloy containing 37.5% pure gold, while the rest is made up of another metal or metals. Typically, 9 carat gold will be made of 37.5% gold, 42.5% silver and 20% copper. However, it is also possible …

There are many ways you can pin your money on gold, however not all of them allow you the privilege of physically owning the gold in which you have invested. Exchange Traded Funds (ETFs), for example, effectively allow investors to bet on the movement of the gold price, without owning …

Many investors in precious metals will find themselves asking the question - what is the difference between allocated and unallocated gold? Here we have compiled a list of some of the pros and cons of the two popular forms of bullion investment in order to allow you to make the …

With gold coins no longer being used in circulating currency, instead serving as collectable items or investment assets, the competitive nature of humans has unsurprisingly spilled into the domain of mints and refiners. The pursuit of making the biggest gold coins is an expensive one, but a few mints have …

The Grasberg mine, located in Indonesia, is the biggest gold mine in the world. It is also the second largest copper mine in the world; the ore mined at Grasberg produces relatively high grades of both metals. Copper is the primary commodity, with 2.8 billion tonnes of provable copper deposits …

The Bretton Woods agreement was a new monetary system created by world leaders after World War II. It changed the global economic outlook and financial system for much of the 20th century, shaping the modern world. Following the Second World War, the Bretton Woods Resort – more commonly referred to …

The California gold rush took place between 1848, and the late 1850s. The discovery of easily accessible gold deposits saw huge numbers of people flock to California, in an attempt to strike it rich. It is estimated that, over the course of the gold rush, 300,000 people relocated to California …

With a density of 19.32 grams per cubic centimetre, gold is one of the densest metals on Earth. This is just one of the reasons gold is so desirable to humans is its high density. The density of gold is sensational to experience. Anyone that has held physical gold in …

Pure gold is a noble precious metal, and the least reactive of all metals. Gold does not rust, nor will it tarnish. However, because almost all gold manufactured items are not 100% pure they can potentially rust and tarnish over time. Pure gold is extremely malleable, and as such manufacturers …

Iron Pyrite, also known as fool’s gold, is a sulphide mineral that has gained infamy throughout history for its resemblance to gold. With a brass-yellow hue, Pyrite has fooled many a prospector into believing they had found their fortune, only to later realise their mistake. The deceptive appearance garnered the …

Fort Knox, officially titled “The United States Bullion Depository”, stores much of the United States’ gold reserves. It is part of the US Mint, and thought to hold 2.3% of all the gold ever refined in the world. US Mint figures for January 2018 put the total gold held in …

Relatively affordable and easy to store, coins offer an excellent, flexible way to invest in gold. Gold bullion coins differ greatly from circulated, ‘numismatic’ coins. Although they may well be given a nominal face value, in reality the material worth of their bullion content is much higher than that. In …

Gold measurement could refer to two different aspects of an item; purity and weight. Both are vital measurements in working out what a gold item is worth, with the physical size being less accurate as an indicator. The weight of gold is most commonly measured in a unit known as …

With a rich and diverse mining history, Australia was ranked third in the world among gold producing nations as of 2020 falling slightly behind Russia and China. Australia mines just over 300 tonnes annually, and is believed to have massive reserves of 9,500 tonnes of gold still underground. Australia's iron …

Gold and interest rates traditionally have a negative correlation in the relationship between the two. It is not guaranteed but usually the gold price goes up when interest rates go down, and down when rates go up. This is because rising interest rates make stocks, government bonds and other investments …

Understanding gold purity is essential for getting an accurate valuation of an item. In most cases the purity of a gold item should be hallmarked or indicated in some other way, but below we discuss how gold purity is denoted, and some of the common figures you should see. Pure …

The gold rushes of Australia began officially in 1851, and would continue for decades as more gold deposits were discovered. Unlike the California gold rush or Klondike gold rush, the gold rushes in Australia covered a huge amount of land across the entire country, though specific locations like Victoria and …

One of the world’s most famous bullion coins, the gold Sovereign comes in a variety of denominations, sizes and weights, namely the Quintuple Sovereign, Double Sovereign, Sovereign, Half Sovereign, and Quarter Sovereign. As well as having different nominal face values, these 22 carat bullion coins all have different dimensions and …

The gold Sovereign is one of the most famous gold bullion coins in the world, recognised around the world. This gold Sovereign has a long history stretching back throughout Britain's Empire and even preceding this time. The gold Sovereign was first minted under Henry VII more than 500 years ago …

When it comes to comparing prices, sizes, or calculating the premium, it is important for investors to understand exactly how much gold they have. A common cause of confusion in this regard takes place with gold coins, which are most commonly minted and quoted in ounces. How many grams are …

Until we have mined all the gold underground, collected everyone’s jewellery, every gold tooth, coin, bar and more we won’t be sure exactly how much gold there is in the world. Even then, we wouldn’t have accounted for all the gold in the sea, or inside our very own bodies. …

It is difficult to give an exact value for a ton of pure gold, but a current, and very approximate, figure would be €56,089,940. An exact price is difficult to give because the price of the yellow metal, usually quoted in troy ounces, is constantly changing. Plus, to further complicate …

Page Contents The Gold Price How Much is my Scrap Gold Worth? The Value of Gold The Gold Price The official price of gold is always changing, meaning that the material worth of your gold bars and coins and even any jewellery you own is constantly fluctuating. Twice each day, …

For as long as gold has been part of human culture it has been valuable and highly sought after, and as such there have always been those who have tried to make it themselves through counterfeiting. To avoid the risk of spending your money on something that is not real, …

For thousands of years, the scarcity and natural beauty of gold and silver has led to them being been considered commodities of significant material value. Archaeologists and treasure hunters are constantly digging up old gold and silver coins, evidence of the timeless link between wealth and precious metals. Despite the …

A major concern for anyone with money is how to keep hold of it. Investors will often look to maximise the safety of their wealth but with so many options available to us today it can be difficult to know how to do this effectively. Bullion is a popular asset …

At it's simplest, gold is not magnetic. As if often the case however, the answer is somewhat more complicated than it may first appear. Scientifically, gold is classed as diamagnetic, or magnetically inert. This means that it will not be attracted by a magnet, and cannot be turned into a …

The ultimate goal of any investment is to eventually sell and, hopefully, make some money. Gold and silver can differ slightly from this, insofar as they are typically used as a hedge or insurance against other markets crashing (check out the reasons to buy gold). Some investors do however buy …

The first thing to make clear is that, no, owning gold is not illegal, and in the EU it has been legal for many decades! Customers can rest assured that the products we sell at BullionByPost are entirely legal. Is it legal to own gold? In the EU, investors are …

Buying gold online for the first time can be quite a daunting prospect. Sending money to somebody you don’t know in good faith that they will send you your gold or silver in return is understandably a nerve-wracking experience. That is why we make transparency and customer service our absolute …

The Klondike gold rush (also known as the Yukon gold rush) was a period of huge migration as prospectors flooded into the Klondike region of Yukon, Canada, between 1896 and 1899. It is estimated that 100,000 people set out for the Klondike region in the hope of finding their fortunes; …

Working out the largest consumer of gold in the world is not a simple task. It can be measured in different ways, each of which produce different results. The general ranking for gold consumption has remained relatively stable in recent years, with only a few countries increasing or decreasing their …

The melting point of gold - 1,064 degrees Celsius - is one of the many properties that make it a unique, desirable, and versatile metal. Below we discuss the various key numbers related to the melting point of gold, as well as the implications of them. What is the melting …

Investing in precious metals is a big commitment, and it can be difficult to know which one to choose. We would always recommend a diverse portfolio containing both, covering you for any possible scenario, however, we’re aware that it’s not always possible. In order to help your decision, then, we …

The discovery of one of the world’s biggest gold nuggets always sends shockwaves of excitement throughout the mining world, but it entices the general public too. The idea of finding a lump of the dense precious metal is the dream of many prospectors. The weight, the unique shine and – …

While allocated gold becomes your physical, ‘allocated’ property when purchased, unallocated gold is gold in which you invest, but do not actually own. It remains the property of the bank or organisation, and makes up their physical liquid reserve to be sold off in times of a liquidity crisis in …

Gold’s historical allure is well known. Throughout the ages, civilisations have venerated the precious yellow metal, coveting its lustre and value. The idea of gold jewellery or coins is well established, but gold is also used in other ways - some that might surprise you! Owing to five distinctive properties, …

Predicting the gold price is not easy. The trading of gold is carried out in a global marketplace and as such is influenced by an enormous variety of different economic, social, and political factors. This makes it difficult to relate the fluctuations in the value of gold and silver to …

What is a Gold Ingot? Although the word is probably used much more loosely, an ingot is technically a specific type of gold bar. The word refers to the specific process by which these bars are manufactured - they are produced by pouring molten gold into a mould. The word …

When looking to invest in precious metals you may well have noticed the common use of the term ‘troy ounce’, to weigh gold bars and as a unit of reference for the gold spot price. A troy ounce is an imperial unit of measure. It has been the official weight …

In simple terms, the term 'bullion' refers to gold, silver and other precious metals in the form of bars, ingots, and coins. It is the form in which precious metals are traded on the commodity markets. The origins of the word are unclear, although there is general agreement over the …

We all know what it is. Gold. We all know that it’s a rare, pretty, and expensive metal. For thousands of years the human race has valued it highly and worked hard to obtain it. But what is it actually used for? The most obvious answer is, of course, jewellery. …

The chemical symbol for gold is Au, taken from the Latin word for gold- Aurum. Its atomic number is 79, meaning that an atom of gold contains 79 protons. Despite being very dense, gold is more malleable than all other metals and it’s possible to beat a single ounce of …

The British gold Sovereign is one of, if not the most famous bullion coin in the world and was first introduced as long ago as 1489, under Henry VII. The coin has a face value of £1, although as an uncirculated bullion coin, a Sovereign’s real value is based on …

What is a Gold Exchange-Traded Fund? While allocated physical gold is, in our opinion, the best way to invest in gold, it is not the only way. An exchange-traded fund (ETF) is a type of security, a fund, that can be traded on the stock exchange. They may contain assets …

A gold standard, or a gold standard currency, is a monetary system in which the monetary unit is supported by the value of physical gold bullion. While the money in circulation is not necessarily made out of precious metal, the idea is that the unit of currency can be exchanged …

What is the London Gold Fix? The London Gold Fix is the process behind the pricing of gold bullion and other gold related assets. It has been an essential part of gold investment since its inception in 1919. The Gold Fix was traditionally set by 5 leading gold trading banks …

The weight of a gold Sovereign is 7.98 g, with a pure gold content of 7.32240 g. They measure 22.05 mm across and are 1.52 mm thick. The value of a Sovereign is calculated by multiplying its gold content - 7.3224 g - by the gold spot price. There are …

When is it the Right Time to Invest in Gold? Gold is widely acknowledged to be a lower risk than many assets, but knowing when to buy gold can maximise the potential of this investment. In reality, the best time to buy depends on the desired outcome of your investment. …

Origins of Gold There’s something about gold that we find irresistible. This soft, shiny metal has formed an integral part of our monetary system for thousands of years, as well as having a huge importance in jewellery and, more recently, playing an important role in medicine and everyday technology. The …

Before committing to an investment, the key question most of us ask is will the value of this asset increase in the future? Unfortunately, the answer to this question is as unclear as the future itself. Nothing in life is certain. So many different factors are at play that our …

The World Gold Council is the market development organisation for the international gold industry. Made up of a number of the world’s eighteen largest gold mining companies including Barrick, China Gold, Newmont Mining Corporation and Silver Wheaton, the World Gold Council works with its members’ combined expertise to further gold’s …