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Sure gold is shiny, expensive and known to be a treasure. But there a lot of zany facts that many people don’t know. For instance, did you know that a single ounce of gold can be stretched for 50 miles? Keep reading for some truly amazing facts about this precious metal.
REDUCE, REUSE AND RECYCLE
Gold is completely recyclable. In fact, it’s estimated that 85% of our gold today is from hundreds if not thousands of years ago.
THE UNITED STATES OF GOLD
The U.S. holds 25% of the world’s gold reserves in New York City. Most of it belongs to foreign governments though.
YOU ARE WHAT YOU EAT
Pure gold can be ingested, as it is not toxic. In fact, back in the 14th century they would melt gold and crushed emeralds and ingest it to treat the plague.
I’VE STRUCK GOLD!
The leading country for gold mining is South Africa. Currently 25% of the world’s gold comes from there.
MAMA’S GONNA BUY YOU A DIAMOND RING
Of all the new gold mined, 50% is used in jewelry! 40’s is for investments and only 10% used in industry.
HUNK OF BURNING GOLD
On February 5, 1889, John Deason and Richard Oates found the largest gold nugget in Australia ever recorded. It yielded 2,248 ounces of gold and measured 10 by 25 inches. And, it was buried only 2 inches underground. Today that would be worth $3,581,064!
CARRIED AWAY TO SEA
It is estimated that 70 million tons of gold is dissolved into the sea. And the ocean floor holds as much as 100 million tons of gold. Unfortunately, we haven’t found a way to mine it.
Gold is a fascinating thing. It’s incredibly durable and has stood the test of time. It is always a great investment and yields high profits when selling. If you have questions about investing in or selling your gold, contact us today. At West Seattle Coins we are glad to give you a free appraisal and answer any questions.
