Interesting Gold Facts

Everybody know that,Gold is a metallic yellow metal. People have been familiar with this metal since ancient times. It has been known as a very precious metal since ancient times due to its unchanging properties, glossy color, easy means of exchange, and durability of the structure. The practice of making different types of ornaments with gold still exists equally. Here,I wil talk to you on some interesting facts of gold.

Gold became the most desirable commodity for investment as trade collapsed due to the Cavid-19 epidemic. And that's why gold prices have skyrocketed in the last month. This increase in the price of gold raises an old question anew. How much gold is left to be mined in the womb of the earth?
There is a huge demand for gold as an investment, status symbol and key component of many electrical devices. But it is a limited resource and there will come a time when there will be no more gold left to dig.

Biggest source of Gold

South Deep gold mine is the largest gold mine in the world, by reserves. About 30 percent of the world's gold is mined here. Other major sources of gold include the deep-seated Emponeg mine in South Africa, the Super Pit and Newmont Boddington mines in Australia, the Grassberg mine in Indonesia and the Nevada mine in the United States.

Treasure of gold in impossible places

While it is difficult to determine the amount of gold underground, it is not the only source of gold. Earth's satellite moon also has gold. But the cost of mining gold on the moon and bringing it back to Earth is significantly higher than the price of gold.

Space experts Siniad and Sullivan said that even if there was gold on the moon, it would not be economically viable to dig it. You have to spend a lot more money on excavation than you will get by selling it.

Similarly, mining gold in the Antarctic continent will not be economically viable due to adverse weather conditions. Gold is also scattered on the seabed, but they remain elusive due to the cost of mining. And one of the factors of gold is that it is not like oil, but it is recyclable. So we will never see the gold run out, even if the mining stops.

How much gold is left to be extracted?

Mining companies estimate the amount of gold in the ground in two ways. One is the reserve. That is, gold can be extracted profitably from the mine compared to the current market price. Another is the resource. That is, gold that can be mined profitably after further observation or at potentially high price levels. The amount of gold reserves can be calculated more accurately than the amount of resources, although the task is not easy.

On average, about 20 percent of the world's gold remains to be mined.

New technology may make it possible to extract from some known stocks, which may not be profitable compared to the current market. Recent innovations include Big Data, AI and Smart Data Mining. Which can optimize potential processes and reduce costs. In the meantime, robot technology is being used at several excavation sites and it is expected that it will become the ideal technology in mining exploration.

15 surprising informations on Gold

We have at least 0.2 mg of gold in our body, most of which is in our blood.
Indian women use 11 percent of the world's gold, more than the total gold used by people in the United States, Switzerland and Germany.
This precious metal does not react with other metals. So ice cream companies use gold spoons as ice cream testers so that the spoon metal test does not mix with the ice cream.
The world's largest gold bar weighs 250 kg.
Mansa Musa of the Mali Empire, known as the richest man in the world, wasted so much gold that he thought it was an unnecessary metal, which later led to the collapse of the Egyptian economy.
The leaves of the Eucalyptus tree also have a thin layer of gold.
If an employee of Lego company has been working for 25 consecutive years, he is given a gift of 25 grams of gold by the company.
One night in 1859, gold miners woke up in the middle of the night and started eating breakfast. That night the gold was so bright that they thought it was morning.
Most of the world's gold is centered because most of the gold was deposited at the center of the earth at the time of creation.
In addition to money, gold can also be withdrawn at ATM booths in Dubai.
If all the gold is taken out of the sea, it is possible to distribute 9 pounds among every human being in the world.
Sailors used to wear gold ornaments on their ears so that when they died they could be sold and buried.
Olympic gold medals have only 1 percent gold!
More than half of the gold mined each day comes from South Africa.
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