Tag: history of gold

  • Gold mining.

    Reading Time: 6 minutes Gold mining involves the extraction of gold from various sources, initially focusing on alluvial deposits using manual methods like gold panning. Over time, the industry has evolved, incorporating complex processes such as pit mining and gold cyanidation for ores not on the surface. Large corporations dominated gold mining in the 20th…

  • The 1970’s Gold Boom.

    Reading Time: 10 minutes You may be surprised to learn that the leading investment across the 1970s was not stocks, bonds, real estate, or traditional investments– it was gold that soared 2,300%. Driven by a War with Iran, record high oil prices, and roaring inflation, gold soared from $35 to top $850 an ounce in January…

  • London Gold Fixing / LBMA Gold Price.

    Reading Time: 8 minutes The London Gold Fixing, also known as Gold Fix, is the process of determining the price of gold through a dedicated conference line. In the past, this activity occurred at the London premises of Nathan Mayer Rothschild & Sons and was facilitated by the members of The London Gold Market Fixing…

  • The Gold Standard.

    The Gold Standard.

    Reading Time: 4 minutes Gold is one of the oldest forms of money, and the gold standard is a system where the money in circulation has a value directly linked to the reserve of gold the country has. It is when the value of a country’s money is tied to the amount of gold the…

  • Is Alaska About to Have Another Gold Rush?

    Is Alaska About to Have Another Gold Rush?

    Reading Time: 6 minutes Alaska is one of the most prospective and yet most underexplored areas in the world. GOLD is the top producing mineral in Alaska. There are good reasons for the neglect, most notably the long, cold winters and the lack of infrastructure. Whether the latter is a result of, or a cause of, there…

  • The History and Story of the California Gold Rush.

    The History and Story of the California Gold Rush.

    Reading Time: 7 minutes When you talk about the most important events in American history, you would be remiss if you didn’t mention the California Gold Rush. In terms of establishing the west coast as a place where people came for adventure and opportunity, the Gold Rush served as a major impetus. The Discovery Two…