Gold Bullion

For centuries, buying gold has been recognized as one of the best ways to preserve one's wealth and purchasing power. Gold is a unique investment, one that has served mankind well for thousands of years. From the times of ancient Egyptians, Greeks and Romans to more modern times, man has been fascinated with the beauty and magic of gold, and with its power to change men's lives.

It is believed that all the gold that has ever been refined throughout history could be placed in a cube measuring 65.5 feet (20 meters) on a side.

Theories suggest that less than 50% of all the world's accessible gold is still in the ground - 75% of all gold ever produced has been extracted since 1910 "More gold has been mined in the minds of men than has been taken from the earth" -Napoleon Hill

Oceans are the greatest single reservoir of gold on Earth's surface, containing approximately eight times the total quantity of gold mined to date. However, the current cost of extracting it is more than the gold is worth

Since the 1880s South Africa has been the source for a large proportion of the world's gold supply. Production in 1970 accounted for 79% of the world supply, producing about 1,000 tones, however production in 2004 was 342 tones. This decline was due to the increasing difficulty of extraction and changing economic factors affecting the industry in South Africa. Nearly 40 percent of all gold ever mined was recovered from South African rocks.

During the 19th century, gold rushes occurred whenever large gold deposits were discovered, including the California, Colorado, Otago, Australia, Witwatersrand, Black Hills, and Klondike gold rushes. Because of its historically high value, much of the gold mined throughout history is still in circulation in one form or another.

More than 90 percent of all gold ever used has been mined since 1848, when gold was discovered at Sutter's Mill, California, sparking the greatest gold rush of all time.

In recent history, most gold—78% of the yearly gold supply—is made into jewelry. Other industries, mostly electronics, medical, and dental, require about 12 percent. The remaining 10 percent of the yearly gold supply is used in financial transactions. Over the last decade investment demand has been proportionally rising.

Gold nuggets are solid lumps of gold. Nuggets are rare, making up less than 2% of all native gold ever mined. The largest gold nugget ever found weighed 195 pounds.

It has been estimated that, worldwide, the total amount of gold ever mined is 152,000 metric tons, only enough to fill 60 tractor trailers. In comparison, each year 907 million metric tons of iron are produced worldwide. This is equivalent to 6,000 times the total gold produced throughout history.