The Golden Lotus http://www.thegoldenlotus.org Discover How to Cash In Your Gold Sat, 04 Feb 2012 14:19:34 +0000 en hourly 1 http://wordpress.org/?v=3.1.2 The Gold Bullion Explained http://www.thegoldenlotus.org/the-gold-bullion-explained/ http://www.thegoldenlotus.org/the-gold-bullion-explained/#comments Tue, 17 May 2011 13:19:15 +0000 http://www.thegoldenlotus.org/?p=9 Another popular form of gold investing is gold bullion which have been widely used by people, as well as governments, all over the world. The two well-known forms of bullions are gold bars and gold coins. In determining the value of a gold bullion, it would depend on its weight, as it is already composed of pure gold, in addition to a small premium based on the demand for it and how many are supplied.

The most popular and widely-owned bullion coin is the Kruggerrand which has 46,000,000 troys ounces, or 1,400 tonnes. It is a South African Gold Bullion Coin produced in the year 1967. The British Sovereign was issued in the year 1489 under the reign of Henry VII. Up to the present time, it is still being produced because of the symbols of tradition and heritage imbedded therein. Another known gold bullion coin is the American Gold Eagle which was first issued in the United States of America in the year 1986, with the Statue of Liberty and the American Eagle printed on it.

Other known gold bullion coins which have been or are presently in circulation are the Australian Gold Nugget (Kangaroo), Austrian Philharmonic, Austrian 100 Corona, Canadian Gold Maple Leaf, Chinese Gold Panda, Malaysian Kijang Emas, French Coq d’Or (Golden Rooster), and the Mexican Gold 50 Peso.

]]> http://www.thegoldenlotus.org/the-gold-bullion-explained/feed/ 0 Gold Prospecting http://www.thegoldenlotus.org/gold-prospecting/ http://www.thegoldenlotus.org/gold-prospecting/#comments Sat, 30 Apr 2011 17:56:24 +0000 http://www.thegoldenlotus.org/?p=6 Gold is one of the most valuable commodities as well as one of the most difficult to mine for, and not to mention quite expensive. This is the reason why groups who go on a gold campaign have to be funded and properly equipped because it is simply not an easy task to do.  Of course, this is the type of mining which we should undertake if we really want to get positive results. Most gold is obtained through hard rock mining which is a fairly simple process on paper, but a lot more difficult in action. If we are going to invest in gold mining, then this is our best bet. Though the equipment used is quite costly, the gold brought to surface will make up for more than the money invested. If you come across a bare claim, you will end up with a big loss of money and time.

There are also other types of mining which are not as costly as hard rock mining. For instance, there is by-product gold mining, which means that gold is not the primary resource. If gold is discovered by accident then this will be an added bonus to our operation. Companies which ore large copper mines find gold (on a small scale) while digging. A lot of gold claims are discovered while searching for other minerals. There is some luck involved for sure.

A well-known manual act of mining gold is panning, where pans are filled with sand and gravel and they are sifted to yield any gold which may have accidentally found its way there. Some places even use panning as a tourist attraction. Other known types of mining are sluicing and dredging, which are some of the more common practices of gold prospecting.

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