Exploring Some Facts About Gold and Gold Coins

in #hive-13681911 months ago


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Gold doesn't tarnish. Gold is a noble metal and isn't mixed with other things on its own, or react to other things causing some thing like tarnishing. It can be left and found even years later and still look the same.

There is a hobby of panning for gold in some places. Potential rewarding experience. Thousand of years ago the gold in places would result in gold nuggets going down the river. After many decades of scavenging and mining the remnants that may be found are usually that of gold dust, or flakes. With the rise in the price of gold some small find is a little comparative to a small find a century ago. Such resulted in the "Gold Rush" in the United States. Creating a wealth of wealth opportunities like cryptocurrency today. Where finding the right one may be like striking it rich so to speak.

Gold has "fingerprints" like we do. Not like a finger. Gold can be identified by its uniqueness from the elements it is made up of outside of the mostly pure gold content. Making gold traceable back to the source like what mine the gold originally came from. However much of the gold is usually melted with other sources at refineries mixing the unique gold fingerprints.

Some countries like China and India are big buyers of gold. Recently the government of India appears to be seeking from diversifying from gold to other assets.

Italy, Germany, and the United States are countries with some of the largest gold holdings in the world. Italy and Germany have over two-thirds of foreign reserves. Numerous mostly first world nations have gold investments that provide some form of stable wealth preservation. Why this idea lends to gold being a potential good investment for individual investors. Numerous people even on the Hive blockchain have some level of investment in gold, or silver coins and are part of a group that partakes in stacking.

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Accdg to Investopedia:

As of March 2022, the five countries with the largest gold reserves are:
United States: 8,133.5 tons
Germany: 3,359.1 tons
Italy: 2,451.8 tons
France: 2,436.5 tons
Russia: 2,301.6 tons
The U.S. Federal Reserve is the world’s largest holder of gold, with 8,133.5 tonnes as of May 2020, accounting for 78.3 percent of its reserves.

Where's China?

Looks like China is close. "Gold Reserves in China increased to 2113.46 Tonnes in the second quarter of 2023 from 2068.36 Tonnes in the first quarter of 2023." source: World Gold Council

Though Canada is the third largest producer of gold her Central bank has NO GOLD Reserves.

China has been quietly buying up gold for quite some time now!

I like Silver and Gold Coins... But in a pinch, I'll take Silver and Gold Bars and Rounds...