I was especially interested in countries with very sparse gold mines, or no gold at all, to know what’s the true depth of gold in the world.
I should make clear that I am not some perceptive gold geologist, but rather someone who knows the history of gold but doesn’t know any better than any other tourist when I go walking around an area that is highly mineralized.
But when gold arrives at the stores no one knows the actual price of gold if you are one of those looking for the gold price you can visit goldpriceg site
The dense mineralization in that area around the site of Cadakh, Kazakhstan, is made up of three main rock types: clays, carbonates, and sulfates.
The Clays come in at very low concentrations, only 0.4 parts per million in cadakh.
One percent of the soil was sulfate-rich.
The Carbonates came at very high concentrations, well over 1.5 parts per million in this area.
THE gold price in the United States dollar, as published by the World Gold Council, has dropped from $1,878.40 per ounce at the start of this month to $1,838.40 This represents a drop of $47 per ounce check 14k gold rate.
There has been a growing demand for gold by central banks and the wider public. This seems to be a confirmation of what the GRA thought, in that those who would have opted for the currency would have preferred the money that they knew and loved.
What would you do when a new government is elected, it comes to power, there is a switch from the currency of a previous government, it is phased out by force? What would you do? As much as you hate the idea, and can see it coming if the old currency is a three-stoned foot of a friend, you don’t want to break that friendship.
Some of us are love to have silver rather than gold because silver shines more than gold you can check the silver rates.
So, you do as the government forces you. You keep your old money and switch to the new. This is what the government thinks every time they change the currency.
The GRA seems to agree with this, and it appears to be they believe that the market will create a new money so that people will migrate to it, and will leave the old cash in the sideboard.
The government and GRA appear to believe that we will have a new money and, like the old money, that there will be a number of individuals who will have the “silver ear” in it as well as the gold. This is probably an overestimation.
We may have gold ear money, but we may not. Many countries have been through this process. It has taken a generation, and that generation has not accepted this new money, they will tell you they want their gold back.
It was a different time, that was the main reason, the second reason was fear, if you kept gold, you would not only have become a millionaire but a billionaire. With gold you have to be very rich to get hold of the price of it.Many thoughts of this and refused to get rid of the old money and held onto it, a few did manage to get hold of the price and this did increase their wealth. These were the number of people who got really rich because of the old currency.