Seven Interesting Facts about Golds

Throughout history, Gold and Silver hold their value substantially. Even many investors are now considering investing in Gold coin and Silver coin as a safe investment. In this article, we are going to share 7 facts about gold. So let’s get started…

1. In the World’s Oceans, Ten Billion Tonnes of Gold Dissolved

You would be amazed to hear that, there are almost 10 billion gold is dissolving in seawater. It exists in small but visible quantities in normal seawater. There is estimation that, if you efficiently refine it out, you could get 20 tonnes of gold substance from a cube of seawater. The seawater holds more gold than humans ever have mines during the history of gold mining. But recovering gold from seawater is more expensive than traditional mining.

2. Elvis Presley Has Three Gold Plated Cars

Famous singer and performer Elvis Presley has three gold plated cars. According to the technical facts, only fenders, hubcaps, and other bright colored chrome plated vehicles were gilded. Elvis Presley was very fashionable. Having three gold plated cars are one of the remarks of Elvis Presley.

3. Pure Gold is soft at Room Temperature

Gold can be shaped at any form. It is 99.99% pure and can easily be bent by bare hand. That’s the reason; a large amount of pure gold is shaped into gold bars and ingots so it can be transported easily. Also, there are some large amounts of gold is shaped into gold coins. You can look at the store like LPM.HK to check the variety of coins that feature pure gold.

4. World’s Largest Gold Coin is 80cms Wide

The Perth Mint is holding the current record of creating the largest gold coin. It is 80cms wide and 12cms deep. The weight of this coin is one tonne. This one-tonne gold coin is a masterpiece and features a red kangaroo surrounded by amazing rays of sunlight. It is a 99.99% pure gold coin and represents the summit of innovation and imagination of the designers.

5. Heavier Than Appears in the Movies

Imagine the movies where you’re favorite star casually picking up a four stone bar and ran off like a sprinter. But in reality, gold is much heavier than that. A 400 troy ounce or 2 stone gold bar weights 12.4 kilos which is 21-39 cm long and only 2.5-4.5 cm thick. In movies, props are twice that size which is unrealistic.

6. Gold Medals Awarded at the Olympics are not Pure Gold

Since World War 1, gold medals awarded at the Olympics are not actually gold. At the last Olympic Games, the gold medals are made of .925 grade silver plated with a mere 6 grams of gold. The silver medals are actually .925 grade solid silver, and the bronze medal featured mostly copper. The last pure gold medal was awarded at 1912 Olympic Games.

7. Huge Quantity of Gold Available in Outer Space

According to the statement of many Planetologist, there are a huge number of gold available in outer planets like Mercury, Venus, and Mars. During the supernova explosions, gold was crashing into space including Earth. But mining gold in the space is the real challenge. If it’s possible to mine gold, the collector’s value would be considerable because there will be a huge cost of mining gold.

Facts about Gold and Silver | Which One Worth Buying

Lots of people have been buying gold and silver for thousands of years. Also, gold and silver coin is precious and holds the perfect value over the years and can easily found in every corner of the world. These two types of bullion coin have their own demand. Gold is rarer that silver, no surprise why gold is more pricey than silver. Okay, now let’s discuss some facts and the difference between gold and silver.

Facts about Gold

1. Gold is rarer than lots of other materials. It is so rare that the amount of steel pours in an hour is larger than the gold has poured since the beginning of the civilization.

2. Rust doesn’t affect gold and so flexible that you can make into sewing thread.

3. It’s hard to find 1-ounce nugget than a five-carat diamond.

4. The boiling point of gold is 2808°C and melting point is 1064°C

5. Ninety percent of total world’s gold has mined since California gold rush in 1849

6. “1 Tonne Gold Kangaroo Coin” is the largest gold bullion coin ever made. It was produced by the Perth Mint in Western Australia in 2012. The face value of this bullion coin is over 1 million AUD.

7. Almost half of the mining gold is used to make jewelry, and this is the biggest application of gold.

8. There are 4600 tonnes of gold is stored in US Bullion Depository, Kentucky.

9. Gold is used for decorative and monetary properties. Also, it has a wide application of industrial application variation from electronics to nanotechnology via dentistry, also used in the space industry. Almost 9% of gold used for technical uses.

10. There are almost 15000 tonnes of gold laid on the world’s sea-bed.

Facts about Silver

1. Silver is best known for the use of the electronics industry as it is the best conductor of both heat and electricity.

2. Silver is the best light reflector, that’s why silver is used to make mirrors.

3. Related to Silver, more patents have been issued than other materials.

4. Until 1965, the US coins, quarters, dimes, and half dollars have contained ninety percent silver.

5. Silver is vastly used in industrial use. Also, it is used in traditional film photography called the silver screen. In this technological era, silver is used in mobile phones, batteries, medical applications, and switches.

6. Until 1947, British silver coins contained real silver. But later, it was replaced by Cupro-nickel.

7. According to the RSC(Royal Society of Chemistry), Silver has antimicrobial elements. That means, it can be woven into clothing to protect us from bacteria.

8. Thirty pieces of silver for which Judas Iscariot, who betrayed Jesus have been shekels issued in the town called Tyre, located in Lebanon.

9. According to a study from the Astronomy and Astrophysics journal in 2012, they found that larger stars explode and produce gold while smaller starts produce silver.

Bottom Line

Gold and silver are used for centuries and a great way to invest. There are lots of online and traditional shops like LPM.HK where you can buy gold or silver. Also, you can look into their collection range from their website instead of directly going to the store.