The Enduring Appeal of Gold

The methods of finding gold may have changed, but throughout the history of mankind has eagerly sought this shiny yellow metal. In fact, during the past 6,000 years, according to the World Gold Council, more than 125,000 tons of gold has been extracted. While ancient civilizations of Egypt, Ophir, and South America were famous for their wealth of gold, more than 90 percent of all the gold ever mined has been unearthed during the last 150 years.

Today, some gold is used to make coins. The Perth Mint in Western Australia, is now one of the worlds main producers of this type of currency. These coins are not in general circulation, but they are hoarded by collectors. In addition, about a quarter of all the gold ever mined has been transformed into gold ingots-solid blocks of tangible wealth and locked away in bank vaults. The United States holds most of the gold bullion in the world in their bank vaults.

Currently, about 80 percent of gold mined each year, about 1,600 tons are crafted into jewelry. The United States can have as much gold in their banks, but when the jewelry is included in the count, India has the largest amount of gold within its borders. Besides being valuable and beautiful, this soft metal possesses attributes that make it suitable for hard work.

Today, you can buy gold online, there are several companies with their websites offer safe delivery via federal express. Ofcoure, you have to pay the delivery fee of the items. Remember, there are many scammer out there, so be careful. Make sure that you are dealing with the reliable company before giving your money.