Within the planet’s crust, there is only 1 gram of gold for every 250 tonnes (550,000 lbs) of earth. Gold’s rarity means that finding economic deposits is extremely difficult. To understand how gold mining and supply work, we must first unearth how gold deposits form. This infographic, part two in our 2014 Gold Series, covers the full supply picture behind the yellow metal.
So says an introduction to an infographic* by VisualCapitalist.com entitled Gold: Unearthing the Word’s Supply.
[The following is presented by Lorimer Wilson, editor of www.FinancialArticleSummariesToday.com and www.munKNEE.com and has been edited, abridged and/or reformatted (some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. This paragraph must be included in any article re-posting to avoid copyright infringement.]
[Editor’s Note: The author’s views and conclusions in the above article are unaltered and no personal comments have been included to maintain the integrity of the original post. Furthermore, the views, conclusions and any recommendations offered in this article are not to be construed as an endorsement of such by the editor.]
*http://www.visualcapitalist.com/the-gold-series-unearthing-the-worlds-gold-supply-part-2-of-5 (This work is licensed under a Creative Commons Attribution-NoDerivs 3.0 Unported License. Copyright 2012 © Visual Capitalist)
This infographic, part one in our 2014 Gold Series, introduces the yellow metal and tells the story of how it became the most sought after metal on earth. Read More »
we believe that gold staying between $1,300-$1,400 is unsustainable in the long-term. The price might drop down temporarily, but the economics don’t lie. Miners have to turn a profit in producing gold, and they can’t do it at the current price if gold grades continue to decline and new discoveries aren’t found and put in the pipeline. Read More »
What’s the difference between 1 troy ounce of gold and 1 (regular) ounce? What’s the difference between 18 and 10 karat gold? What’s the difference between a .75 and 1.0 carat diamond? Let me explain. Read More »
Wars have been fought over gold, love has been expressed by it an gold has changed the landscape of civilizations and the world – but what makes gold so great? This infographic examines the history of gold from ancient history to the gold rushes of the centuries ago. It looks at its properties and how it became not only a currency, but the gold standard.
6. Part 2: An Infographic on Gold Mining & Supply
From ancient times to the famous gold rushes, gold was first discovered in placer deposits….Today, however, most gold comes from hard rock deposits where gold is disseminated or associated with other metals and mined either through open pit or underground mining. This infographic tells (shows) you everything you need to know about gold mining and its supply from around the world.
7. Part 3: China’s Role in the Future of Gold
In this infographic we look at how gold growth in China will impact the future of the precious metal. In Q4 of 2011 and continuing into 2012, China has bought more gold overall than even India and will continue to play an important role in consumption.
Measuring market data using fiat currencies can be misleading. Even though an asset may rise in dollars, it may be because of declining currency value rather than true economic process. With central banks devaluing currency at record rates, gold’s steady purchasing power makes it an ideal alternative pricing mechanism. Read More »