Why Gold

Fundamental drivers remain unchanged.

GOLD DISCOVERIES DECREASING

Analysts predict peak gold in 2018 because of declining reserves and lack of long-term production capability

Supply and demand pressures support gold’s upward trajectory. Fundamental drivers of gold demand remain unchanged while supply is constrained by low discovery rates, rising costs and jurisdictional risk.  

GOLD! A CURRENCY OR A COMMODITY?

Gold is a great way to diversify a portfolio due to its low correlation to most other asset classes including equities, bonds and the U.S. dollar. Unlike other commodities, gold tends to retain its value during recessionary and deflationary periods. Gold is also a historic safe haven, acting as a hedge against domestic currency depreciation as well as falls in equity and credit markets.

Gold’s performance historically and over the last few decades vindicates its status as a valuable diversifier, surging relative to other investment classes. We believe it will continue to do so because gold is more than a mere commodity, it is a currency. 

“Gold Is Money, Everything Else Is Credit” JP Morgan

“Grade Is King”

– But Smart Investors Will Delve Deeper

‘Grade is King’ over-simplifies the sector’s mine economics: If “Grade is King, Geology is the Ace”

High grade doesn’t equate to low cost!

Source: http://www.cet.edu.au/docs/default-source/training-courses-/gold-grades-and-gold-costs-exploding-the-high-grade-myth.pdf?sfvrsn=2

Expanded investigation: Gold costs and geology

Nova Minerals Provided Operational and Canadian Listing Update

By Nova Minerals -April 15, 2019

A Mineral exploration company, Nova Minerals Limited (ASX: NVA) has provided an operational update to the market across its project portfolio. While providing the update on its Thompson Brothers Lithium Project, the company informed that the technical team’s work has been ongoing in the background and further QA/QP testing will be completed in the next few months.

The company welcomed the recent announcement and developments in the region of the Thompson Brothers Lithium Project with Sinomine Rare Metals to acquire the Tanco mine as part of the purchase of Cabot Corps specialty fluid division which was announced in February of 2019.

 

Further, the company also informed that Snow Lake Resources has moved to the next steps of transferring title of the Thompson Project to obtain 100% ownership and it has forwarded all consideration cash and share as per the agreements signed between the parties.

Snow Lake is seeking a Non-Offering Prospectus Listing on the Canadian Securities Exchange (CSE) and it has raised sufficient capital and float as announced in February 2019.

While providing information about Estelle Gold Camp, the company informed that after completing its exploration targeting programme over the last seasons summer period, the company’s prioritised drill programme is aiming to test all the highest- ranked prospects with a specific focus to drill Oxide North through 2019 and ready further prospects for drilling beyond 2019.

The Company also informed that it has set a prioritised systematic exploration strategy to give the Company best indication and potential to discover multiple multimillion ounce gold deposits with stringent criteria to ensure that it gets the greatest return on exploration dollars spent.

With these updates, the company has maintained its strong view that Nova Minerals should be seen through two prisms, one is as a growth story. The other is as a value play.

As per the company’s Managing Director, Mr. Avi Kimelman, the company understands that it is going through a transformational period and it has been operating in tough market conditions and a slower IPO process than expected. But despite that the company is pleased with the perseverance of the entire Snow Lake team to secure sufficient funding, float and moving to transfer 100 percent title of the Thompson Brothers Lithium Project into Snow Lake Resources Ltd in order to progress to the next stage of its IPO ambition and with a date on listing now becoming apparent.

The company is looking forward to updating the market on the Officer Hill Gold Project in Joint Venture with Newmont in the near term. The company is also looking forward to announce  more updates on Nova’s lead up and 2019 drill campaign in the near future.

At the time of writing, i.e., on 15 April 2019 AEST 2:15 PM, the stock of the company was trading at a price of A$0.015, up by 7.692% during the day’s trade with the market capitalisation of ~A$10.06 Mn.

Newmont executes JV with Nova in Tanami

July 30, 2018News Australian Mining

Newmont Mining will form a joint venture with Nova Minerals at the Officer Hill gold project in the Tanami region, Northern Territory.

The project is thought to host steeply plunging shoots similar to those at Newmont’s Tanami gold mine, according to Nova.

Newmont has completed its funding commitments for the Officer Hill joint venture agreement to take a 70 per cent share in the project.  Nova retains a 30 per cent working interest.

The two companies will establish an operating committee to progress Officer Hill, with Newmont to manage the project.

Nova managing director Avi Kimelman said, “The decision by Newmont to proceed with the joint venture agreement is a ringing endorsement of the quality of the Officer Hill gold project and its exploration upside in the Tanami region of Northern Territory, particularly with the project’s close proximity to the 400,000oz per year Tanami gold mine and located within the 13Moz Tanami endowment.

“Newmont’s commitment to the joint venture brings valuable technical expertise and insights to the project.”

Nova plans to separately release a 2018/19 exploration program for Officer Hill.

Nova Minerals Ltd (ASX:NVA) Contractor for Geophysical Surveys Engaged for Estelle Gold

WWW:novaminerals.com.auCompany Overview

Contractor for Geophysical Surveys Engaged for Estelle GoldMelbourne, April 9, 2019 AEST (ABN Newswire) – The directors of Nova Minerals Limited (Nova or Company)

ASX:NVA)

FRA:QM3) are pleased to announce the Company has engaged the services of well-regarded geophysical contractors RDF Consulting Ltd who is lead by Mr. Dean Fraser in our quest to unlock the District Scale Estelle Project. 

Mr. Fraser is well qualified to provide his services as a Geologist and geophysicist for AK Operations LLC. Mr. Fraser possesses a Bachelor of Science degree in Geology and Geophysics from Memorial University of Newfoundland and has received his certification as a Professional Geologist with the Association of Professional Engineers and Geoscientists of Newfoundland as well as the Association of Professional Engineers and Geoscientists of Saskatchewan (dormant). He also possesses nearly 25 years of experience in all aspects of grassroots and advanced mineral exploration methods. He has worked in a large variety of geological environments exploring for gold, base metals, iron, tin/tungsten and uranium in North America and internationally. Mr. Fraser further has extensive experience in performing, processing, plotting, modeling and interpreting many different types of ground and airborne geophysical surveys including Induced Polarization/Resistivity, magnetics, electromagnetics, gravity and radiometrics, in the mining exploration sector and has been provided preliminary data on the Estelle Gold assets. 

The geophysical surveys will comprise the implementation of a spectral induced polarization/resistivity survey over selected areas of the Property. A pole-dipole array will be employed using six dipoles and a 50-meter dipole spacing. These parameters will allow for a penetration depth of 150 meters in the subsurface. In-field interpretations of the data will be made with Nova Minerals Geologists on a daily basis. 

Prioritised Systematic Exploration Strategy 

The Company’s ranked and prioritised systematic exploration strategy and activities at Estelle are guided by an exploration “Project Pipeline” process to maximise the probability of multiple major discoveries (see Table 1 in link below). Each Milestone is defined by a specific deliverable and has each criteria needs to be ticked to determine which prospect must pass through before moving to the next Milestone. Economic criteria and probability of success increase as projects move along the pipeline. The methodology helps to ensure work is carried out across all stages of the process, cost are kept minimal and that focus is kept on the best quality targets and that the pipeline is kept full with early Milestone projects. 

NVA Managing Director, Mr. Avi Kimelman said: 

“We are please to have Dean join us with his vast knowledge on the current exploration program at Oxide North and South. We are extremely exciting with the enormous potential mineralisation that has been recognised on two of 15 targets but not effectively IP and drill tested, at depth and parallel to the known mineralisation where continuous mineralised structures may exist.” 

“As previously announced we are fortunate to have historic data at hand and work completed last season which have allowed us to overlay data and vector into these potential world class large tonnage ore bodies. The Estelle project area has a multiple of alterations, structures and known targets on the large tenure, the focus is on discovering a RIRG system similar to that of the Fort Knox Gold and Dublin Gulch Eagles Gold Mine with our priority drilling established at Oxide North and possibly moving onto Oxide South which in itself is looks very promising in its own right. Our prioritisation and systematic exploration strategy for major discoveries ensures that the highest quality targets with the largest potential tonnage are advanced rapidly.” 

“We are focussed on systematically unlocking a multiple of potential multi-million ounce gold discoveries across the project area.” 

The board looks forward to announcing more updates on Nova’s lead up and 2019 drill campaign in the near future. 

The 112km2 Estelle landholding sits adjacent to the Whistler project (+ 9.5 Moz AuEq) held by Gold Mining Inc. and in the same assemblage of rocks that hosts Northern Dynasty’s giant Pebble copper-gold-molybdenum-silver deposit (105 Moz Au). A direct correlation between gold grade and vein density is similarly reported at the Fort Knox (+ 4 Moz) and Dublin Gulch (+ 6 Moz) RIRGS deposits (Hart, 2007). Study results suggest that the 1) association of Au with Bi-Te, 2) association of Au with sheeted veins containing arsenopyrite, and 3) restriction of alteration to narrow selvages adjacent to veins at the Estelle Property are consistent with the genetic deposit model for RIRGS(see Note below). 

Note: Source: Ore Characterization of the Estelle Property in the South-~Central Alaska Range, Ember Flagg, University of Nevada, Las Vegas 

To view tables and figures, please visit:
http://abnnewswire.net/lnk/Q8LJTQ5X

About Nova Minerals Ltd

Nova Minerals Limited (ASX:NVA) (FRA:QM3) is an ASX-listed minerals explorer focused on lithium, gold and mineral exploration in Canada, Alaska and Australia.

The company plans to create shareholder value through two-pronged strategy:

– Capitalise on the growing demand for energy storage and the resulting demand for lithium, cobalt and nickel by fast-tracking exploration and development activities in our North American assets with particular focus on our flagship lithium project and prospective Chip-Loy Nickel Cobalt Sulphides project.

– Diversification by gaining exposure to base and precious metals through our farm-in JV at our district scale Estelle gold copper-silver project and our Northern Australian gold exploration assets.

Nova Minerals Ltd (ASX:NVA) Prepares Exploration Campaign at Estelle Gold Project

WWW:novaminerals.com.auCompany Overview

Prepares Exploration Campaign at Estelle Gold ProjectMelbourne, Mar 28, 2019 AEST (ABN Newswire) – The directors of Nova Minerals Limited (Nova or Company) (

ASX:NVA) (

FRA:QM3) are pleased to provide an update that current works are fast progressing for the forthcoming exploration program at the company’s district scale Estelle Gold Project and provide a project schedule of works. 

Planning is fully underway for the proposed 2019 Exploration Campaign at the Estelle Gold Camp with contractor procurement in its advanced stages. Following the awarding of contracts, the focus will be on mobilising the Induced Polarzation suvey (IP) crew onsite with potentially diamond drill mobilisation to follow thirty days later. The diamond drill is to test the total depth of mineralisation as outlined in figure 2(see link below). 

The 112km2 Estelle landholding sits adjacent to the 9.5M oz AuEq Whistler project (held by Gold Mining Inc.) and in the same assemblage of rocks that hosts The Pebble Partnership owned by Northern Dynasty Minerals’ giant Pebble deposit (105 Moz Au). A direct correlation between gold grade and vein density is similarly reported at the Fort Knox (+ 4 Moz) and Dublin Gulch (+ 6 Moz) RIRGS deposits (Hart, 2007). Study results suggest that the 1) association of Au with Bi-Te, 2) association of Au with sheeted veins containing arsenopyrite, and 3) restriction of alteration to narrow selvages adjacent to veins at the Estelle Property are consistent with the genetic deposit model for RIRGS deposits(see Note 1 below). 

NVA Managing Director, Mr. Avi Kimelman said: 

“We are excited about the high quality of the prospects contained within the claim group and the large scale of the Estelle gold project with a clear leverage to the gold price. This is very large project and we anticipate to aggressively explore the property with new work programs consisting of mapping, IP, and potential diamond drilling that has the opportunity to discover large scale resource blocks within last years focus area and outside at the RPM and Shoeshine occurrences.” 

“As announced on 14 February 2019, Dale Schultz and Brian Youngs will lead our Estelle Project exploration and logistics efforts and between the two of them have in excess of 60 years in project managing large exploration campaigns and projects which include time spent at Lupin Mine NWT, Hemlo Camp N. Ontario, Kori Kollo Mine Bolivia and the Condor Project in Ecuador (host of the Fruta del Norte Gold Project). With lots of preparation underway, they have done fantastic work to date in pre-planning to streamline the project and moving into the next stage of exploration.” 

“Estelle is uniquely positioned and we haven’t yet scratched the surface, with positive early signs we are particularly excited with the potential opportunity to uncover another giant deposit in Alaska. The project sits amongst some of the largest gold deposits on the planet with very large and exciting prospects, and Nova is ready to meet the challenge of exploring each of them.” 

Primary focus will be given to the Oxide occurrences, which were last drilled by Millrock Resources Inc. in 2010. During last years field season Tom Bundtzen of Pacific Rim Geological Consulting Inc. completed a first pass geological mapping of the Oxide occurrences and identified two high quality targets (ASX Announcement 3 December 2018). These targets were given the designation of Oxide North and Oxide south. The key feature of these targets is that they consist of broad envelopes containing argillic-phyllic to propylitic hydrothermal alteration. 

A group of chip samples taken by Mr Bundtzen from these alteration envelopes contains moderate (~1%) arsenopyrite mineralization (+/- pyrite, pyrrhotite, chalcopyrite and tetrahedrite) that returned moderate grades of up to 1.04 g/t Au having an average grade 0.183 g/t Au. Oxide North and Oxide South alteration envelopes measures 1300 to 1600 metres along strike and have widths of between 550 to 600 metres. Total depth extents of these alteration envelopes are unknown at this time. 

First phase will be Oxide North (see Figure 2 in link below). IP Survey will be run to site the drill platforms with more certainty. The plan is to drill 2,500 in this zone having drill holes reaching up to 600m with the aim of completing two holes per platform (collars marked in red). Upon conclusion of phase one, a follow up round of 2,500 metres will be initiated if positive results are obtained. Subject to phase two drilling the scout RC drilling will be used to infill shallow in pit mineralisation for early pit optimisation models. Once both phases of core drilling are completed an analysis will then be undertaken to determine if there is adequate data to support a maiden JORC Inferred Resources. 

Note the red box (see Figure 2 in link below) is the 2.2 – 5.3 million ounce gold exploration target released late last year. (Refer: ASX Announcement 6 December 2018) 

Third phase will target the Oxide South occurrence. Some of the best chips from Tom Bundtzen sampling came from this target. The description of the alteration is the same as the Oxide North target. Once again the IP survey will be utilized to more accurately locate the drill platforms with respect to the stronger chargeability anomalies in the subsurface. The goal is to have two holes per set up (collars marked in blue). The company aims to also establish JORC Resource estimate if sufficient data permits at Oxide South. 

During the 2019 field season Tom Bundtzen of Pacific Rim Geological Consulting Inc. will again be engaged to complete additional field mapping and prospecting in the Estelle claim group (see Figure 3 in link below). The focus this field season will be on the RPM and Shoeshine occurrence. The RPM occurrence will be of particular interest as Millrock reported in September of 2012 a drill hole intercept of 102.11 metres grading 1.04 g/t gold which contained a high grade intercept of 2.07 g/t gold over 21.94 metres (see Note 2 below). They described the geology as a broad zone of alteration in a high-level intrusive magmatic contact zone. No additional follow up exploration was ever completed by Millrock at this occurance. After the completion of the mapping at RPM and Shoeshine, Pacific Rim will be engaged to complete follow up prospecting on the 15 plus additional showings that Nova controls as part of the Estellle claim group. 

Notes: 

1 Source: Ore Characterization of the Estelle Property in the South-~Central Alaska Range, Ember Flagg, University of Nevada, Las Vegas 

http://www.abnnewswire.net/lnk/0TJYAKHR

To view tables and figures, please visit:
http://abnnewswire.net/lnk/Y5ARZ4J7

About Nova Minerals Ltd

Nova Minerals Limited (ASX:NVA) (FRA:QM3) is an ASX-listed minerals explorer focused on lithium, gold and mineral exploration in Canada, Alaska and Australia.

The company plans to create shareholder value through two-pronged strategy:

– Capitalise on the growing demand for energy storage and the resulting demand for lithium, cobalt and nickel by fast-tracking exploration and development activities in our North American assets with particular focus on our flagship lithium project and prospective Chip-Loy Nickel Cobalt Sulphides project.

– Diversification by gaining exposure to base and precious metals through our farm-in JV at our district scale Estelle gold copper silver project and our Northern Australian gold exploration assets.

Nova Minerals Ltd (ASX:NVA) Operational and Canadian listing update

WWW:novaminerals.com.auCompany Overview

Operational and Canadian listing updateMelbourne, Feb 14, 2019 AEST (ABN Newswire) – The directors of Nova Minerals Limited (Nova or Company) (

ASX:NVA) (

FRA:QM3) to provide a operational update to the market across our project portfolio. 

Snow Lake Resources Ltd (SNOW) (Thompson Brothers Lithium Project) 

The company is pleased to announce that a total of C$1.35M cash has been raised to date with the last raising and appropriate float taking place at C$0.35c. The company now has sufficient cash holdings to IPO on The Canadian Securities Exchange (CSE) and will be fast tracking this process. 

As previously announced on 19 November 2018 Snowlake Resources will own 100% of the Thompson Brothers Lithium Project and its surrounding Crowduck tenements. Nova Minerals consideration for bringing in 80% of the Thompson Brothers Lithium Project and 100% of the Crowduck property in Snow Lake will be 48,000,000 ordinary shares of the current total 64,995,226 ordinary shares to be issued which represents 73.85% of Snow Lake on an undiluted basis. The latest capital raising at C$0.35c affirms a value ascribed to Nova of C$16.8m (A$17.83m) or rounded off to A$0.023 per Nova share. 

As per announcement dated 6 August 2018 (CEO’s Letter to Shareholders) we maintain a strong view that Nova Minerals should be seen through two prisms, One is as a growth story. The other is as a value play. 

We are further pleased to update that the internal scoping works are progressing and Snow Lake Resources will update the market on operations in due course. 

Estelle Gold Project 

Planning is fully underway for the 2019 Exploration Campaign at the Estelle Gold Camp. Primary focus will be given to the Oxide occurrences, which were last drilled by Millrock Resources Inc. in 2010. During last years field season Tom Bundtzen of Pacific Rim Geological Consulting Inc. completed a first pass geological mapping of the Oxide occurrences and identified two high quality targets (ASX Announcement 3 December 2018). These targets were given the designation of Oxide North and Oxide south. The key feature of these targets is that they consist of broad envelopes containing argillic-phyllic to propylitic hydrothermal alteration. 

A group of chip samples taken by Mr Bundtzen from these alteration envelopes contains moderate (~1% ) arsenopyrite mineralization (+/- pyrite, pyrrhotite, chalcopyrite and tetrahedrite) that returned moderate grades of up to 1.04 g/t Au having an average grade 0.183 g/t Au. Oxide North and Oxide South alteration envelopes measures 1300 to 1600 metres along strike and have widths of between 550 to 600 metres. Total depth extents of these alteration envelopes are unknown at this time. 

The First Phase of this summer programs will consist of 50 plus km of Induced Polarization geophysical survey. Observable chargeability anomalies should be seen within the survey data associated with the mapped arsenopyrite domains contained within the alteration envelopes (Figure 1). It is hoped that these chargeability anomalies correspond to higher-grade gold material and would be the focus of the first pass diamond drilling. The first pass will consist of 2500 metres with a second round of 2500 metres if positive results are obtained. The company will also infill with RC drilling where suitable. During a possible Second Phase of exploration later in the summer, focus will be given to mapping and sampling the RPM and Shoeshine occurrences. In addition, the other 15 plus occurrences contained within the claim block will be prospected, sampled, and GPS’d to establish their locations coordinates for future mapping, sampling, and drilling campaigns. 

NVA Managing Director, Mr. Avi Kimelman said: 

“Despite challanging markets we are pleased with the perseverance of the team to secure sufficient funding and float in order to progress to the next stage of our IPO ambition. Snow Lake is now well positioned as we progress to IPO and look forward to introducing the Thompson Brothers Lithium Project to the North American Market and maintaining the company’s fast track development strategy.” 

“Although Nova will be a significant shareholder of Snow Lake with full board represetation. Snow Lake Resources will fund itself and act completely independent of Nova with a group of professional and independent Directors and Audit committee allowing Nova to focus it reserves on developing its Gold Assets.” 

“Dale Schultz and Brian Youngs will lead out the Estelle Project exploration and logitics and between the two of them have in excess of 60 years in project managing large exploration campaigns and projects. They have done fantastic work to date in pre-planning to streamline the project, we will keep the market updated on progress. 

“As mentioned Nova is in the process of planning its next stage of exploration and reconnaissance activities for 2019 at the district scale Estelle Gold Project as described and are currently formalating an additional exploration plan for the Officer Hill Gold Project. With projects runnning parallel, we will continue with our long term strategy of underpinning shareholder value while we offer exploration upside across our project portfolio.” 

To view tables and figures, please visit:
http://abnnewswire.net/lnk/B6H741MJ

About Nova Minerals Ltd

Nova Minerals Limited (ASX:NVA) (FRA:QM3) is an ASX-listed minerals explorer focused on lithium, gold and mineral exploration in Canada, Alaska and Australia.

The company plans to create shareholder value through two-pronged strategy:

– Capitalise on the growing demand for energy storage and the resulting demand for lithium, cobalt and nickel by fast-tracking exploration and development activities in our North American assets with particular focus on our flagship lithium project and prospective Chip-Loy Nickel Cobalt Sulphides project.

– Diversification by gaining exposure to base and precious metals through our farm-in JV at our district scale Estelle gold copper silver project and our Northern Australian gold exploration assets.

ASX Micro Cap Kicks off Canadian Lithium Drilling

PUBLISHED: 21-03-2017

The era of lithium exploration and production is well and truly upon us as the shift towards lithium-ion battery powered technologies accelerates.

By 2030, petrol powered cars could be in the minority as petrol-power is expected to be replaced by electric powered lithium-ion batteries.

This shift towards clean energy is placing an increased demand on the raw materials required to manufacture the technologies that will charge the future.

The ASX listed company on our radar today has just embarked upon a fully funded exploration program under the Northern Lights in Canada at its highly prospective lithium deposit in Manitoba, ranked one of the top mining jurisdictions in the world.

The company has now begun its drilling, having received its drill permits for its 2017 Winter Drill Program, finalised its budget, signed its contractor agreements and finalised site works on the ice road construction, trail and drill site building at its Thompson Bros Lithium Project.

With a tiny market cap of around $7 million, yet a strong financial position with over $1.2 million in the bank after a recent $660,000 capital raise, this company offers significant upside potential on the back of its current, fully funded, drilling program.

Following exploration undertaken in November 2016, results have shown the company is sitting on high grade lithium of up to 1.62% Li O and confirmed there is a parallel mineralised structure now known as Thompson #5 at its Thompson Brothers Lithium Project.

This parallel structure underlies the potential for this company to significantly increase the scale of lithium mineralisation at the property.

Furthermore, a large area of the property remains unsampled, opening the door for the company to identify further mineralisation.

With such positive results recorded, the company will fast track its drilling program over the coming weeks and months to confirm the historical, non-JORC compliant resource of 4.305Mt @ 1.3% Li O that was previously calculated.

The program is envisaged to comprise 16 diamond drill holes along approximately an 800m strike of known mineralisation for a total of 3200m of drilling.

It is anticipated that current drilling will allow an initial JORC Compliant Inferred Resource to be calculated for the Project.

Of course, as with all minerals exploration, success is no guarantee – consider your own personal circumstances before investing, and seek professional financial advice.

With money in the bank and drilling underway, this little lithium explorer is looking to light things up in 2017, especially as it angles to make the most of Tesla’s plans to source lithium entirely from North America and capitalises on the positive lithium outlook for 2017 .

Premiering on The Next Small Cap 

Nova Minerals
ASX:NVA

Gold Facts

Gold is one of the most sought-after and appreciated metals in the world, and has been for thousands of years. It is an element, a store of value, and a thing of beauty. It serves many industrial uses. It can even be eaten!

Here are 25 interesting facts about gold.

Gold as an Element

  1. Gold never oxidizes. In other words, it never gets rusty and s shiny forever.
  2. Gold is soft (malleable) compared to other metals. 1 gram of gold can be beaten with a hammer down to a 1 square meter sheet that light would shine through. For perspective, most gold bullion coins weigh 1 troy ounce at the most, which equals 31.103 grams.
  3. Gold is the heaviest and densest of all metals in the Periodic Chart. One cubic foot of gold weighs about 1,187 pounds (more than half a ton).
  4. Gold is much rarer than diamonds.
  5. Technically speaking, a pound of feathers does weigh more than a pound of gold. Gold is measured in troy ounces, while feathers would typically be measured in the Avoirdupois system. One troy ounce equals approximately 1.09714 avoirdupois ounces.

Gold as a Store of Value

  1. The heaviest (meaning containing the most pure gold) bullion coin ever produced was an Australian Kangaroo coin weighing one kilogram, which is 32.15 troy ounces or 2.2 lbs. Most bullion coins weigh about 1 troy ounce or less.
  2. The last country to be on a gold standard (backing up its currency with gold) was Switzerland. The country backed up 40% of its money supply with gold until 1999.
  3. Gold has been treated as a store of value and used as currency for almost as long as monetary systems have existed in the world.
  4. The most expensive gold coin ever sold was a 1933 Double Eagle, which sold for $7.59 million in 2002.
  5. In 2011, just 4% of the world’s population controlled 12.6% of the world’s gold. The country holding the most gold in the world is the United States with 8,133.5 tons.

Gold Mining/Discovery

  1. About 88,000 tons of gold have been mined from Earth since gold’s discovery.
  2. In 2013, China produced the most gold in the world, producing about 463 tons. Second and third were Australia and the United States.
  3. The largest gold nugget ever found is thought to be the “Welcome Stranger”, found in Australia in 1869 and weighing 2,520 troy ounces (173 lbs.).
  4. The world’s deepest gold mine is Mponeng in South Africa. It is 2.5 miles deep – the length of 10 Empire State Buildings.
  5. Gold was one of the first metals discovered by man, along with copper, in circa 5000 BC.

Gold’s Many Uses

  1. Gold can be turned into thread and used in embroidering.
  2. Gold is an effective reflector of electromagnetic radiation such as infrared, visible light, and radio waves. It is used as protective coating on satellites as well as for thermal protection in astronaut suits and helmets.
  3. Being a great conductor of electricity, gold is used in electronic cables such as audio, video, and USB cables.
  4. Gold chloride solution along with gold oxide are used to make red-colored glass.
  5. Gold toners are used in photography to change certain colors or increase their stability.

Gold as Decoration

  1. China, the number one consumer of gold in the world, accounts for 30% of global jewelry demand, much of which is gold jewelry.
  2. India is the second largest consumer of gold in the world. A large portion of the gold Indians buy is used for the 10,000 traditional Indian weddings held every year.
  3. Edible gold is sometimes added to expensive desserts in high-end restaurants. The most expensive dessert ever, the Frrrozen Haute Chocolate ice cream sundae, was sold in New York in 2007. It cost $25,000 and was decorated with 5 grams of edible 23-karat gold.
  4. Illuminated manuscripts, manuscripts with heavily adorned text, were decorated with gold.
  5. Contrary to what the urban legend holds, the “Bond girl” actress in the 1964 James Bond film Goldfinger did not die from asphyxiation after being covered in gold paint. As long as you can still breathe through your mouth or nose, you will not die from asphyxiation when covered in paint.