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Friday, July 22, 2016

50 Surprising Facts You Never Knew About Gold

1. The word "gold" comes from the Old English word "geolu," meaning yellow.

2. There is more steel created per hour than there has been gold dug up throughout history.

3. Around 161,000 tons of gold have been mined by humans.

4. Gold can be found beneath the earth on all seven continents.

5. It is believed that around 80% of earth's gold is still buried underground.

6. There is an estimated total of 10 billion tons of gold in the world's oceans. That is 25 tons of gold for every cubic mile of seawater.

7. The world’s first gold vending machine was unveiled in May 2010. Located in an ultra-luxury hotel in Abu Dhabi, the vending machine itself is covered in 24-carat gold.

8. Most western economies' currencies were on the gold standard until 1961.



9. Switzerland was the last country whose currency was tied to gold. 40% of a Swiss Franc was backed by gold until Switzerland joined the IMF in 1999.
10. The gold held at Fort Knox is accounted for by the United States as an asset valued at $44.22 per ounce.

11. As of December 31, 1941 Fort Knox held 649.6 million ounces of gold.

12. Today, Fort Knox  holds about 147.3 million ounces.

13. The size of a standard gold bar is 7" by 3 and 5/8" by 1 and 3/4"

14. Alchemists believe they can change ordinary materials, such as lead, into gold.

15. A carat was originally a unit of mass based on the carob seed used by ancient merchants.

16. The most expensive gold coin in the world is the 1933 Double Eagle, which was sold at Sotheby's in New York in 2002 for $7.59 million.

17. Elvis Presley owned three cars manufactured by Stutz Motor Company, in which every part that is normally chrome was converted to gold.

18. Former Tyco International CEO Dennis Kozlowski bought a gold-threaded shower curtain worth $6,000.

19. A noble metal, gold is prone neither to rust nor tarnish and does not form an oxide film on its surface when coming into contact with ai

20. There are 92 naturally occurring elements found in the earth's crust. Gold ranks 58th in rarity.

21. The chemical symbol for gold is Au, which is derived from the Latin word "aurum," which means "shining dawn."

22. Absolutely pure gold is so soft that it can be molded with the hands.

23. The melting point of gold is 2,063 degrees Fahrenheit.

24. Gold is a great conductor of electricity.

25. Gold is the most malleable and ductile pure metal known to man.

26. An ounce of gold can be beaten into a sheet covering 100 square feet.

27. In 1869, two Australians unearthed the world's largest nugget of gold, the "Welcome Stranger," which measured 10 by 25 inches before it was melted down.

28. The largest nugget still in existence is the "Hand of Faith," found in 1980 in Australia. It is currently on display at the Golden Nugget Casino in Las Vegas.

29. A gold nugget found in the earth can be three to four times as valuable as the gold it contains because of its rareness.

30. The heaviest modern gold bullion coin is Austria's Philharmonic. In 2004, the coin, which has a weight of 1,000 ounces (31.1 kilograms or 69 troy pounds or 828 troy ounces) and a diameter of 15 inches, was dubbed the world’s largest gold coin by Guinness World Records.

31. In 2007, Canada made a 100 kilogram (3,217 troy ounce), 0.99999 gold coin with a face value of $1,000,000.

32. Pure gold does not cause skin irritations.

33. Some sufferers of rheumatoid arthritis receive injections of liquid gold to relieve pain.

34. Olympic gold medals were pure gold until 1912.

35. An ounce of gold can be drawn into a wire 60 miles long.

36. Two thirds of the world's gold comes from South Africa.

37. India is the world's largest consumer of gold today.

38. South Asian jewelry is generally more pure than western jewelry, comprised of 22 carat gold rather than 14 carat.

39. Gold is the state mineral of California and Alaska.

#-ad_banner_2-#40. 90% of the world's gold mining has been done since the discovery of gold at Sutter's Mill in California in 1848.

41. During the California gold rush, some speculators paid more for an ounce of water than they received for an ounce of gold.

42. South Dakota and Nevada produce more gold than any other states.

43. Scientists believe that gold can be found on Mars, Mercury, and Venus.

44. The visors of astronauts' helmets are coated in a very thin, transparent layer of gold (.000002 inches) that reduces glare and heat from sunlight.

45. The Aztec word for gold, "teocuitatl," was translated by Europeans as meaning "excrement of the gods."

46. According to the legend of El Dorado (the gilded one), an Andean chief who was covered in gold dust would make offerings of gold into a mountain lake.

47. Evidence suggests that around 5,000 B.C., gold and copper became the first metals to be discovered by man.

48. King Croesus of Lydia created the first pure gold coins in 540 B.C.

49. When Franklin Roosevelt raised the price of gold from $20.67 to $35 in 1934, the dollar immediately lost 40% of its value.

50. Henry VIII, Diocletian and Nero were infamous gold debasers, mixing other metals into gold coins and decreasing their value.
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How To Test Gold – 5 Simple Ways To Spot Fake Gold


Collectors of gold know that this precious metal has unique properties that can be identified through careful examination. You can learn to identify genuine gold and avoid being misled through devious practices. Protect your assets and be certain that the gold you buy matches the published claim.
How to test gold steps
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Tuesday, July 22, 2014



BATOURI MINING ENTERPRISE

BATOURI MINING ENTERPRISE has been rated the leading gold miners in AFRICA and 

the leading supplier of gold in it's various form to most Arab, and European countries. We 

have been in this  since 2000. 

The enterprise has had an affiliation to the jeweler and precious metals industry for over 15 

years.

The company was initially formed after receiving a small but regular number of trade 

inquiries as to its willingness to buy scrap gold bars. 


We are pleased to inform you that we are a local Gold Mining Company based in  KENYA 

and Coast of Cameroon in the sub-region of EAST/WEST Africa; we have about quite 

enough quantity of alluvial Gold Dust/Bars (AU) which are offering for sale. If you are 

interested, do not hesitate to get back to us as soon as possible for us to give you our Full 

Corporate Offer (FCO). 

We need a serious direct buyer, who is ready to come down to 

UGANDA or a long term signing contract, we have presently 900 kilos available to sell out 

and we are well ready to go into partnership to supply you up to 200 kilos monthly. 

As well as purchasing precious metals we also sell also deal in the sale of sovereigns, 

Krugerrands and fine gold bars











Contact us on the address bellow:


Mr. Anthongy Wangu


Email: wangu.thony@geologist.com 

        
      

Skype and Number provided on assessment of clients.

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