Facts About Gold

Spring 2010 CSANews Issue 74  |  Posted date : May 27, 2010.Back to list

  • The world's largest gold nugget was the "Welcome Stranger," found in Australia in 1869. It weighed 2,283 oz (143 lb.)
  • The world's largest producer of gold is China.
  • Gold is able to conduct electricity and heat.
  • It has been estimated that all gold ever refined would form a single cube 20 m (66 ft) on a side (equivalent to 8,000 meters cubed).
  • The world's supply of gold increases by only 2,000 tons per year.
  • In 2008, the gold mines of Ontario produced 50 tons of gold; in Quebec, 28 tons of gold. Gold production in these two provinces accounts for more than three-quarters of gold production in Canada.
  • One of the heaviest metals, gold is 19.3 times heavier than water.
  • Gold will not rust, oxidize, tarnish, corrode, decay or deteriorate.
  • The term "bullion" applies to either coins or bars.
  • King Croesus of Lydia created the first coins of pure gold (540 BC).
  • The most popular gold bullion coin is the U.S. Gold Eagle (1985).
  • The heaviest gold bullion coin is the Australian Kangaroo (32.15 oz).
  • The first modern gold bullion coin was the South African Krugerrand (1967).