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Category: Gram Gold

What is Peak Gold?

Peak gold refers to the time when humankind reaches the maximum annual rate of world gold extraction, following which the rate of production starts to drop. Importance of Peak Gold:  Peak gold is one aspect of a bigger topic of supply and demand trends for individuals wishing to purchase gold. Understanding the gold production fluctuations…

What is a Troy Ounce?

  A troy ounce is a weighting unit for precious metals that has been used since the Middle Ages. One troy ounce weighs 31.1034768 grammes and was first used in Troyes, France, according to the U.K. Royal Mint. A standard ounce weighs slightly less, 28.35 grammes, and is used to measure things like sugar and grain. To…

What is gold mining?

  Geologists collect ore samples to identify the ideal locations for businesses to mine as the first step in the process. The mining process can start once mining experts have determined where the gold is and what materials are around it. If the gold is found near to the surface, open-pit mining methods are used…