Friday, June 24, 2011

Gold: A Story in Numbers

They say that every photo tells a story, but in the case of gold, numbers play as important a role as photos do. Gold is in its very nature constantly associated with numbers, whether it is in its history, its weight when found, its composition when being tested for value, or most often of all…its price. Numbers speak the story of gold in an important way, and because of their symbolic value, they also help tell the story of gold in the same way photographs do.

Here are a few gold facts that speak about gold’s price, power, and history, all told through numbers:

2,316- The “Welcome Stranger” gold nugget was the largest ever “true” gold nugget. It weighed 2316 troy ounces and was found in Australia in 1969. At gold’s current market price, the “Welcome Stranger” would be valued at over $3 Million US dollars.

50- The power of gold can be seen when it is hammered. One ounce of gold can be hammered down and stretched to an incredible length of 50 miles.

53- 53cm in diameter is the size of the largest gold coin ever minted, a 2007 $1,000,000 Maple Leaf.

1,064- Gold is melted down by refiners like Cash4Gold so that the precious metal can be extracted from jewelry and others objects where gold has been mixed. 1,064 centigrade is the temperature at which gold melts.

60- There’s a lot of gold out there, and when its mined gold find its way into many different forms of use. 60% of all the gold mined today however is used strictly for jewelry.

1- Gold is the most precious and rare of all metals. How rare? A single one ounce gold nugget is harder to find then a five carat diamond.


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