Gold
Gold price latest:
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Click HERE to view latest price trends
Click HERE to view price per gram in different currencies
Conversion: 1 gram = 0.03215 troy ounces
Gold price: 12 months
Gold price:15 years
Gold price vs oil price: 60 years
Gold had a seventh straight annual gain in 2007, the longest rally since at least the end of World War II, partly because of the metal's growing appeal as an alternative asset to the dollar and a haven in times of financial turmoil. Private investors now control more gold through exchange-traded funds than is held by Japan's central bank.
Click HERE for links to gold supply and demand
Annual global gold production is about 4,000 tonnes.
South Africa’s gold output fell in 2006 to 275 tonnes, down 8% from 2005. United States gold output for 2006 declined from 262 tonnes to 260 tonnes. Australian production fell to 251 tonnes from 263 tonnes. Gold produced in Peru declined to 203 tonnes from 207 tonnes. Russian gold output dropped 4 tonnes in 2006 to 152 tonnes, while Canada fell from 118 tonnes to 104 tonnes. Russia has the second-largest gold reserves in the world, behind South Africa, but is only the sixth-largest producer, and its output has fallen in the past three years.
China produced 240,078 tonnes of gold bullion in 2006, up 16,028 tonnes, or 7,15%, from 2005. Chinese production of gold increased by 162,8 tonnes between 1997 and 2006.
According to GFMS, mine production in 2007 fell by just over 1%, partly through delays to development and expansion projects. Losses centred on South Africa, Peru and the United States, while gains focused on Indonesia and, in particular, China whose increase knocked South Africa off the top spot to become the world’s largest producer. Output in the first half of 2008 is forecast to grow by just over 2%.
"China kicks SA off gold top spot"
"China still only world's No. 2 gold producer – but aiming for the top spot" (Source: Mineweb)
Companies producing more than 300 000 oz of gold per year
The Western World average for grassroots discoveries of new gold mines was $55/oz for the period 1985 to 2002 according to a WMC paper or $30/oz according to the Metals Economics Group 2004 paper “Major Gold Discoveries Worldwide.”
"Major Gold Discoveries Worldwide, 1991-2004"
A figurine of a golden rhino found at Mapungubwe (ca. 1050 to 1270 A.D.) Courtesy of University of Pretoria, South Africa.
Click HERE for an overview of GOLD MINING IN AFRICA (MBendi)
Click HERE for ACTUAL OR POTENTIAL GOLD PRODUCING COUNTRIES IN SUB-SAHARAN AFRICA (World Gold Council)
Click HERE for a map showing WEST AFRICAN GOLD DEPOSITS>1 MILLION OZ (GSR)
Click HERE for an overview of THE GOLD PROSPECTIVITY OF VARIOUS AREAS IN AFRICA (Mining Review Africa)
Click HERE to view latest price trends
Click HERE to view price per gram in different currencies
Conversion: 1 gram = 0.03215 troy ounces
Gold price: 12 months
Gold price:15 years
Gold price vs oil price: 60 years
Gold price forecasts
Gold had a seventh straight annual gain in 2007, the longest rally since at least the end of World War II, partly because of the metal's growing appeal as an alternative asset to the dollar and a haven in times of financial turmoil. Private investors now control more gold through exchange-traded funds than is held by Japan's central bank.
Gold ETF holdings - January, 2008
Click HERE for links to gold supply and demand
Annual global gold production is about 4,000 tonnes.
South Africa’s gold output fell in 2006 to 275 tonnes, down 8% from 2005. United States gold output for 2006 declined from 262 tonnes to 260 tonnes. Australian production fell to 251 tonnes from 263 tonnes. Gold produced in Peru declined to 203 tonnes from 207 tonnes. Russian gold output dropped 4 tonnes in 2006 to 152 tonnes, while Canada fell from 118 tonnes to 104 tonnes. Russia has the second-largest gold reserves in the world, behind South Africa, but is only the sixth-largest producer, and its output has fallen in the past three years.
China produced 240,078 tonnes of gold bullion in 2006, up 16,028 tonnes, or 7,15%, from 2005. Chinese production of gold increased by 162,8 tonnes between 1997 and 2006.
According to GFMS, mine production in 2007 fell by just over 1%, partly through delays to development and expansion projects. Losses centred on South Africa, Peru and the United States, while gains focused on Indonesia and, in particular, China whose increase knocked South Africa off the top spot to become the world’s largest producer. Output in the first half of 2008 is forecast to grow by just over 2%.
"China kicks SA off gold top spot"
"China still only world's No. 2 gold producer – but aiming for the top spot" (Source: Mineweb)
Companies producing more than 300 000 oz of gold per year
The Western World average for grassroots discoveries of new gold mines was $55/oz for the period 1985 to 2002 according to a WMC paper or $30/oz according to the Metals Economics Group 2004 paper “Major Gold Discoveries Worldwide.”
"Major Gold Discoveries Worldwide, 1991-2004"
"Junior Mining Company Credibility in Question"
Gold mining and exploration in Africa
A figurine of a golden rhino found at Mapungubwe (ca. 1050 to 1270 A.D.) Courtesy of University of Pretoria, South Africa.Click HERE for an overview of GOLD MINING IN AFRICA (MBendi)
Click HERE for ACTUAL OR POTENTIAL GOLD PRODUCING COUNTRIES IN SUB-SAHARAN AFRICA (World Gold Council)
Click HERE for a map showing WEST AFRICAN GOLD DEPOSITS>1 MILLION OZ (GSR)
Click HERE for an overview of THE GOLD PROSPECTIVITY OF VARIOUS AREAS IN AFRICA (Mining Review Africa)
