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1. How much gold has been mined on the face of the earth?
At the end of 2008 the total gold that was successfully mined to the surface of the earth was 163,000 tons, up 1.5% per year. About 90% of the total gold is held in individual hands, the rest is owned by central banks of countries including the IMF (GFMS Gold Survey)
2. Which country produces the most gold?
Not all gold mined is then purified or processed and then traded. In 2008 China produced 292 tons, followed by America with 234.5 tons, South Africa 233.3 tons and Australia 215.2 tons (GFMS Gold Survey)
3. What is the biggest company producing gold?
Barrick Gold Corporation, based in Toronto, Canada, produces 283 tons of gold per year excluding silver, copper and nickel. Barrick has mining units in Australia, Africa, North and South America
4. How much gold is mined per year?
A total of 2,415 tons of gold is mined worldwide per year
5. What is the cost of mining and gold production?
Mining costs and gold production costs are usually calculated / displayed per troy ounce, which is US $ 469 until it is finished mined and US $ 601 to complete the entire production process or around Rp146,256 to Rp187,420 per gram.
6. What is the deepest gold mine?
The location of the deepest gold mine is at Anglogold Ashanti’s Mponeng outside the city of Johannesburg, South Africa. The depth reaches 3,778 meters. To reach the location, the trip takes more than one hour with three stops By 1971, Spain and France were shipping back their gold tons from New York back to their countries before the introduction of the Floating Rate Currency era. Likewise, Venezuela (2011) and Germany (2012). Activities like this reflect concerns that culminate in the durability of world paper money such as US $.
7. What is the most consumed gold?
Jewelry, followed by gold to invest in coins and bars, then for technology. However, demand for gold jewelry fell from 15% from 2010 to 2011, while demand for gold bullion and coins for investment rose 19% over the same period
8. Which country has the highest gold consumption?
Eastern countries such as India and China are 'bags' of world gold. India is the highest with 933.4 tons consisting of 567.4 tons of jewelry and 366 tons of gold bars and coins. Then China followed with a total of 811.2 tons. Then followed by Hong Kong, Taiwan, Japan, Indonesia, South Korea, Thailand and Vietnam (Business Insider, 2011)
9. How much gold is deposited by the Central Bank?
About 30,000 tons. Another 133,000 tons are held by individual investors (see point 1). The central bank saves gold as the country's monetary resilience, as well as its functions such as foreign exchange reserves in other countries such as the Euro, US $, Pound Sterling and Yen. Uniquely, western countries that are in fact capitalists and the main sponsors of paper money save more gold than paper currency. Like America, which holds 8,133.5 tons of gold or 74.5% of its total foreign reserves. Or Germany with 3,396.3 tons or equivalent to 71.4% of total foreign exchange reserves. Compare this with China which 'only' has 1,054 tons of gold, where this figure accounts for 1.6% of total foreign exchange reserves.
10. Where does the Central Bank store the gold?
Most of the gold is stored in the 'gold warehouse' of the central banks of each country. Or also at the Federal Reserve Bank (The Fed) in New York or Euro Central Bank (EUCB). However, the central bank, which will trade its gold reserves in a closed market, must put it first at the Bank of England. Apart from being a price hub, the Bank of England in London provides a large warehouse that can store large amounts of gold and is easy in physical mobilization and clearing.
11. What is the length and role of LBMA?
The LBMA is a London Bullion Market Association, a trade association that represents a joint combination of world gold and silver big traders, located in London. As is well known, London is the center of the OTC (Over-the-Counter) market for gold and silver, where clients consist of the majority of central banks that hold gold, producers, refiners, printers / fabricators and wholesalers all over the world .
LBMA was established in 1987 and became a closed partner for the Bank of England and was used as an international reference for gold and silver bar quality assessment standards. There are around 21 gold refining companies in the world registered with LBMA, which are periodically evaluated under the LBMA's Proactive Monitoring Program. PT Antam's Precious Metals Purification and Processing Unit is included in the Good Delivery List of Acceptable Refiners of Gold Bars - LBMA since 1 January 1999.
12. What does Troy Ounce mean?
Troy ounce is a unit of measurement of gold (and other precious metals). Troy ounces are different from ounces / ounces that we know everyday are lighter, which is called avoirdupois ounce. Troy ounces are referred to as genuine ounces, although very rarely used, began to be known since the Middle Ages in a gold market in the city of Troies, France. 1 Troy ounce = 31.105 grams = 1.0971428 avoirdupois ounce.
13. Is there a measure of gold other than troy ounce and gram?
There is namely Lac or Lakh, a weight size of gold or silver 100,000 troy ounces. Used in transactions in India
14. What is meant by Rust / Carat?
As long as he says Carob, or Kharrub in Arabic. Where one carat is equivalent to the weight of the Kharrub (Ceratonia siliqua) plant seed. Rust has two meanings, namely (1) the size of the weight of precious stones or gems, where 1 carat = 0.2053 grams, and (2) the size or proportion of gold in a metal form, with a base of 24 carats as pure gold, or 22 carats as 91.7% gold and 18 carat gold as 75% gold.
15. What is an ETF?
Exchange Traded Funds, or also often called ETC (Exchange Traded Commodities), are a type of securities investment based on real commodities such as palm oil, cocoa, coal, gold, silver, platinum, palladium.
16. Which cities in the world become gold trading centers?
In Asia, the cities center of the gold trade are Singapore, Sydney, Hong Kong and Tokyo. In Europe are London and Zurich. In America is New York
17. Does each country have its own type of precious metal production?
There is, more precisely, the unique characteristics of gold produced by the state in terms of weight, content, printing and naming. Like the very popular ones like South African Krugerrand (in the form of gold coins with 916.6% purity, first produced in 1967), Australian production Koalas (999.5% coins), Chinese production Panda (999.9% gold coins, produced first in 1982) , American Eagle American production, Canadian Maple Leaf and Swiss PAMP.
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