10 Countries with the Largest Gold Reserves

For as long as many people can remember, gold has been a sought-after commodity. Dating as far back as King Tut and ancient civilizations, the sparkle of the famous bullion has always been seen as an icon of luxury and wealth. Today, the top 10 countries withholding the most gold are (in tons):

The United States- 8,133.50

Germany- 3,401.00

International Monetary Fund- 2,846.70

Italy- 2,451.80

France- 2,435.40

China- 1,054.10

Switzerland- 1,040.10

Russia- 775.20

Japan- 765.20

Netherlands- 615.50

Gold is a commodity that fluctuates frequently in value. If you are looking to sell your gold to a reputable purchaser, check out our website for additional information!

Taylor Swift’s Purple & Gold Wonderstruck Perfume

Grammy winning country star Taylor Swift has partnered with Elizabeth Arden fragrances to create Wonderstruck, Ms. Swift’s signature scent, to be released this October. Swift tied the fragrance name to one of her singles, “Enchanted,” from her latest album, stating that “Enchanted is about the first time you meet someone. A fragrance can help shape someone’s first impression and memory of you.”

As romantic as Swift is, the perfume bottle is no exception. A deep purple bottle with regal gold accents such as a golden lid, the bottle takes on a lighthearted look that is reminiscent of Swift, with a delicate strand of charms around the top resembling a gold charm bracelet.

We are looking forward to this golden girl’s fabulous new scent!

Padmanabhaswamy Temple’s $20 Billion Jackpot Discovery

Don’t doubt your eyes…the headline does read $20 Billion discovered in the Padmanabhaswamy Temple. The Padmanabhaswamy Temple, located in the southern state of Kerala, is one of India’s holiest temples. However with a recent discovery made by the order of the Supreme Court of India, it may be the richest in the whole country… if not the world.

Six vaults are contained within the temple, which contain the valuable riches from conquered states and also from the safe house asset deposits of other temples which have been accumulated and stored for over a millennium. The Supreme Court of India ordered the vaults open for inventory assessment earlier this week, and the find was nothing short of breath taking.

An estimated amount of over $20 Billion has been found in the temple since its opening for inventory this week. This find includes thousands of coins, precious stones, and necklaces: one necklace found in the temple was made of pure gold and stretched 18 feet.

"We are yet to open one more secret chamber which has not been opened for nearly 140 years," Kerala Chief Secretary K. Jayakumar told AFP news. The official number on the temple’s total worth is still under wraps, and until the final chamber is opened and assessed it’s likely that the estimate will not be released. Until then, new security systems have been installed in the temple as well as hired police teams that now patrol the area 24/7. The last chamber is scheduled to be opened as early as next week.

Read more on this story at: http://news.yahoo.com/billions-worth-treasure-found-indian-temple-183022928.html

Selena Gomez Flaunts Ornate Gold Earrings

Teen superstar Selena Gomez was spotted over the holiday weekend donning huge gold earrings while promoting her new film, Monte Carlo. Her gold leaf earrings were the perfect accent to an all black ensemble. The gold earrings were also adorned with studs throughout, to give them a little something “extra.”

Gold earrings have long been a fashion statement, though sometimes our taste changes. If you have a pair of gold earrings that you no longer wear, why not contact Cash 4 Gold? Cash 4 Gold is the leading company in helping consumers trade unwanted gold for cash.

Source: http://www.celebuzz.com/2011-07-05/love-the-look-selena-gomezs-gold-leaf-earrings-photos/

Top Gold Producing Countries in 2011

2011 has been a momentous year for gold, with increases in the price of gold, investments, and gold production. Countries all around the world have been producing gold at a increasing rate throughout the year. China and India have been especially prominent figures in the gold market and have established new heights in record buying gold. Gold production remains one of the most important reasons behind all the important gold events of the year, and many of the top producers of gold have seen important changes over time.

China- China has become the world’s number one producer of gold with 345 tonnes of gold produced this year. Unlike many other countries that are declining in gold production as the price of gold rises to catch up with economic value, China is planning on producing even more gold and predicts up to 400 tonnes in gold production for next year.

South Africa- Known historically as a top producer of gold, South Africa’s gold production has actually declined as China has taken the spotlight in production. South Africa has seen an 80% drop in gold production within the last 40 years. Although South Africa’s production has been in decline, it is still historically considered one of the largest gold producers amongst the general population.

Russia- Russia has become slightly more interested in gold purchases as it tries to compete with India and China. Russia plans to purchase large amounts of gold in the upcoming years, although its current production of gold has remained generally unchanged at about 190 tonnes.

Canada- Canada produced over 166 tonnes of gold in 1964, well under Russia’s current average. However since the 60s, gold production in Canada has remained below the 166 tonnes mark. In 2010 they produced only 90 tonnes of gold.

The U.S- The production of gold in the U.S is currently well above the averages of many of the top gold producing countries and only slightly below Australia and China each the respective second and top producers of gold in the world. Although the U.S has not produced as much gold as it did in the past, the nation currently produces a healthy 230 tonnes of gold.

These are the top gold producing countries in the world; however many other smaller countries also produce gold such as Colombia, Kazakhstan, Mali, Mexico, Chile, and many more.

Sources: http://news.goldseek.com/Dani/1309290922.php

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.





Source: http://www.gold.org/about_gold/story_of_gold/numbers_and_facts/

Gold in Tech- Why and Where

Gold continues to be a key component in successful technological fields. The Cash 4 Gold blog has covered the use of gold technology before, even covering gold technology in space. But the use of gold in tech can also be found a lot closer to home.

Computers and telecommunication devices are commonly seen as one of the most abundant markets for the use of gold in technology. Computers such as Personal PC’s, laptops, servers, and more all use blocks of chips called circuit boards, who’s edges are most commonly gold plated connectors.

Telecommunication devices also commonly contain gold in their internal workings. That means that the cell phone you hold in your hand may very well contain bits of gold. Cell phones usually contain gold plated contacts that work in a similar way to computers.

So why is gold the preferred choice for complex electronics? Why do we constantly find the most precious of all metals in our everyday lives? The World Gold Council explains why gold’s powerful characteristics as the rarest of precious metals makes it the perfect candidate for complex tech uses:

“Gold’s beneficial material properties include outstanding resistance to corrosion, ease of manufacture and high thermal and electrical conductivity. Only silver and copper are better conductors of electricity, but these do not have comparable resistance to tarnishing or corrosion.

Where resistance to tarnish or corrosion is essential, it is therefore common either to use gold or a gold alloy, or to plate gold onto a less noble metal. In electronic applications, the resistance of gold to environmental effects is perhaps its most important quality. It means that the technical performance of gold bonding wires or gold electroplating remains essentially unaltered over time.”

Photos and Sources: http://www.gold.org/technology/uses/electronics/