GOLD is mostly found with COPPER

     GOLD (symbol: AU) from the Latin word Aurum which means "shining dawn" and the old English word was "GHEL". GOLD is the metal of eternity: it’s indestructible, resisting the ravages of wind, water, and time. It can be buried underground or sunk to the depths of the oceans for thousands of years and still be reclaimed in its original glory.

    GOLD offers independence from any one country’s fiat currency, productivity, credit worthiness, and political views.

     GOLD is so malleable; a single ounce can be drawn into wire 50 miles long, or hammered into a thin sheet of one hundred square feet.
      No other known element possesses all of gold’s unique qualities: it will never tarnish or rust, it shines forever, and it has universal appeal with its accepted value of beauty and wealth.

     Between the years 1971 to 1980 (9 years) the price of Gold increased by 24.  In 1971 it traded at $35.00 per ounce multiply that by 24 = $840.00.  It's high in Jan 1980 was $850.00 per ounce (we exceeded that price in March 2008), however to use an inflation adjusted price Gold needs to reach $2,500.00 per ounce.  Will we see it?

 

 

 

 

 

 

     GOLD & SILVER are both traded around the globe 24 hours a day. By buying any recognized government legal tender issued GOLD or SILVER BULLION COINS you possess an international currency which can always be sold anywhere in the world at anytime.

     Total history of ALL the GOLD mined to date is estimated to equal a 22 meter cube (roughly of 25 yards on each side) which equals 10,648 cubic meters or 6.6 Billon troy ounces of Gold.  Of the 193,000+ metric tonnes of Gold discovered to date, 62% is found in 4 countries on Earth. 

1 cubic centimeter = 19.3 grams
1 cubic inch = 10.16946 troy ounces
1 cubic foot = 17,572.834 troy ounces
1 cubic meter = 19,300 kilograms = 19.3 metric tonnes

The top 6 GOLD producing countries in 2009 and their percentage share of global output according to UPI were:

1.  China - 12.8%
2.  Australia - 9.4%
3.  South Africa - 8.9%
4.  United States - 8.9%
5.  Russia - 7.9%
6.  Peru - 7.7%

     Nearly ALL the GOLD ever mined and refined is still in somebody's possession, which is not the case with refined SILVER.  The Gold / Silver mined ratio out of the Earth's crust is about 1 oz Gold to 9 oz Silver.  Is GOLD overvalued? Or SILVER undervalued?

     If you took a chart 45 feet long on which every foot represented 100 years of human history, the Gold / Silver price value ratio would remain under 16:1 for all but the last 15 inches.  In fact, the first 40 feet (until about 1500 AD) the ratio oscillated under 12:1, and most of the time between 8:1 and 12:1.