Where to Buy Gold Bars and Coins
When gold bars and coins are mentioned, it is almost inevitable that those in the know will think of buying from us. Others’ thoughts may turn to vivid visions of swashbuckling pirates with shiny hoop earrings and a trusty sword in one hand, secret maps with directions to distant islands, where buried treasure chests overflowing with precious jewels and bullion might be unearthed.
Mankind’s fascination with gold, whether in the form of bars, ingots, coins or jewellery, transcends centuries, always increasing in value. It has been mined, extracted from mineral bearing rock, smelted, poured, moulded, minted, pounded, carved and worked into any number of shapes. Gold has been bought, traded, stolen and smuggled; people have gone to war over possession of this precious metal.
Throughout the world, gold is treasured – it is a universally sought after commodity, recognised and accepted as tender any and everywhere. In order to mine and extract it in meaningful quantities from the bowels of the earth, an enormous amount of capital, equipment, expertise and labour is required.
The more difficult and costly it becomes to obtain a product, the higher its price and value. The same applies to supply and demand – when a prized resource is scarce whilst there is a demand for it, its value and price also escalate.
Supply of this precious resource is finite; when it is exhausted, that’s it – there will be no more. Any country, investor or collector in possession of gold or gold reserves, will have an extremely valuable asset, which will only continue to appreciate.
Mponeng gold mine, in the region to the southwest of Johannesburg, is presently the deepest such mine in the entire world. Towards the latter part of 2012, operating depths of between 2.4km to in excess of 3.9km were achieved, while subsequent digging has progressed to more than 4km below the surface.
Eight of the ten deepest mines in the world are located in South Africa – all of them are gold mines. The other two on the list are found in Canada; one mines for copper and zinc, the other for nickel. Until about 2006, South Africa was considered to be the world’s biggest gold producer, but this country’s position has dropped to sixth place, according to a US geological survey.
China, Australia, the United States of America, Russia and Peru – in this order – are all countries with large surface areas, and have overtaken South Africa as top producers. However, this country’s sixth place still indicates very meaningful production figures.
There is no such thing as mining this metal inexpensively; alluvial deposits are typically too small to be considered as viable, long-term sources. Alluvial deposits normally appear in small quantities as dust, small nuggets or flakes, pieces washed away from original lodes and deposited below the surface of streams or river beds.
Prospectors pan stream beds and pools to search for alluvial deposits, whilst a dredging process is employed as a mechanised extraction method. Other extraction methods include sluicing and hard rock mining.
Some sources state that the bones of ancient Egyptian gods were thought to be of silver, whilst their skin was made of gold. In fact, during the period of the Old Kingdom, silver was possibly more highly valued than its yellow counterpart, appearing in a higher position on lists of valuable possessions.
Initially, Egyptians had no word for silver, merely referring to it as a “white metal”. Hieroglyphic descriptions of gold have been found, dating back to about 2600 BC, and one of the most famous ancient Egyptian artefacts is undoubtedly the golden funerary mask of Pharaoh Tutankhamun. By the Middle Kingdom period, silver must have been more plentiful, since it was valued at about half that of gold.
Roman metallurgists invented new methods of extracting this precious metal, even constructing 7 lengthy aqueducts with which to sluice alluvial deposits found in Spain. In Greek mythology, Jason was sent to find a golden fleece in the company of his group of Argonauts, and endured many trials and tribulations in this quest.
The Roman poet, Ovid, wrote of the Seven Ages of Man, the Golden Age being the period during which peace, prosperity, morality and values reigned, all of which declined during the subsequent ages of less valuable metals.
Buy and Sell
Our esteemed clients are not required to go to exhausting lengths in order to buy or sell gold bars and coins; the process is easy, professional and confidential, if you contact us with your requirements – we look forward to welcoming you at our Sandton office.