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Good Delivery
The Good Delivery specification is a set of rules issued by the London Bullion Market Association (LBMA) describing the physical characteristics of gold and silver bars used in settlement in the wholesale London bullion market. It also puts forth requirements for listing on the LBMA Good Delivery List of approved refineries. Good Delivery bars are notable for their large size and high purity. They are the type normally used in the major international markets (Hong Kong, London, New York, Sydney, Tokyo, and Zürich) and in the gold reserves of governments, central banks, and the IMF. ''The Good Delivery Rules for Gold and Silver Bars'' The entire Good Delivery specification is contained in the LBMA document titled ''The Good Delivery Rules for Gold and Silver Bars: Specifications for Good Delivery Bars and Application Procedures for Listing''. The document includes specific requirements regarding the fineness, weight, dimensions, appearance, marks, and production of gold and s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Bullion 2
Gold is a chemical element with the symbol Au (from la, aurum) and atomic number 79. This makes it one of the higher atomic number elements that occur naturally. It is a bright, slightly orange-yellow, dense, soft, malleable, and ductile metal in a pure form. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements and is solid under standard conditions. Gold often occurs in free elemental (native state), as nuggets or grains, in rocks, veins, and alluvial deposits. It occurs in a solid solution series with the native element silver (as electrum), naturally alloyed with other metals like copper and palladium, and mineral inclusions such as within pyrite. Less commonly, it occurs in minerals as gold compounds, often with tellurium (gold tellurides). Gold is resistant to most acids, though it does dissolve in aqua regia (a mixture of nitric acid and hydrochloric acid), forming a soluble tetrachloroaurate anion. Gold is i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Millesimal Fineness
The fineness of a precious metal object (coin, bar, jewelry, etc.) represents the weight of ''fine metal'' therein, in proportion to the total weight which includes alloying base metals and any impurities. Alloy metals are added to increase hardness and durability of coins and jewelry, alter colors, decrease the cost per weight, or avoid the cost of high-purity refinement. For example, copper is added to the precious metal silver to make a more durable alloy for use in coins, housewares and jewelry. Coin silver, which was used for making silver coins in the past, contains 90% silver and 10% copper, by mass. Sterling silver contains 92.5% silver and 7.5% of other metals, usually copper, by mass. Various ways of expressing fineness have been used and two remain in common use: ''millesimal fineness'' expressed in units of parts per 1,000 and '' karats'' or ''carats'' used only for gold. Karats measure the parts per 24, so that 18 karat = = 75% and 24 karat gold is considered 100% g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Inflation Hedge
An inflation hedge is an investment intended to protect the investor against (hedge) a decrease in the purchasing power of money (inflation). There is no investment known to be a successful hedge in all inflationary environments, just as there is no asset class guaranteed to increase in value in non-inflationary times. Inflation can impact investment decisions by making it difficult to predict future prices. This makes it risky to invest in certain assets, such as commodities, that may be impacted by inflation. Inflation can erode the value of investments over time. This is why it is important for investors to consider inflation when making investment decisions. ''Barron's Finance & Investment Handbook'' states: "Traditionally, gold and real estate have a reputation as good inflation hedges, though growth in stocks also can offset inflation in the long run. Money market funds, which pay higher yields as interest rates rise during inflation times, can also be a good inflation hedg ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Standard
A gold standard is a monetary system in which the standard economic unit of account is based on a fixed quantity of gold. The gold standard was the basis for the international monetary system from the 1870s to the early 1920s, and from the late 1920s to 1932 as well as from 1944 until 1971 when the United States unilaterally terminated convertibility of the US dollar to gold, effectively ending the Bretton Woods system. Many states nonetheless hold substantial gold reserves. Historically, the silver standard and bimetallism have been more common than the gold standard. The shift to an international monetary system based on a gold standard reflected accident, network externalities, and path dependence. Great Britain accidentally adopted a ''de facto'' gold standard in 1717 when Sir Isaac Newton, then-master of the Royal Mint, set the exchange rate of silver to gold too low, thus causing silver coins to go out of circulation. As Great Britain became the world's leading financ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Reserve
A gold reserve is the gold held by a national central bank, intended mainly as a guarantee to redeem promises to pay depositors, note holders (e.g. paper money), or trading peers, during the eras of the gold standard, and also as a store of value, or to support the value of the national currency. The World Gold Council estimates that all the gold ever mined, and that is accounted for, totalled 190,040 metric tons in 2019How much gold has been mined? , World Gold Council but other independent estimates vary by as much as 20%. At a price of US, reached on 16 August 2017, one metric ton of gold has a value of approximately $40.2 million. The total value of all gold ever mined, and that is accounted for, would exceed $7.5 trillion at that valuation and using WGC 2017 estimates. [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Bar
A gold bar, also called gold bullion or gold ingot, is a quantity of refined metallic gold of any shape that is made by a bar producer meeting standard conditions of manufacture, labeling, and record keeping. Larger gold bars that are produced by pouring the molten metal into molds are called ingots. Smaller bars may be manufactured by minting or stamping from appropriately rolled gold sheets. The standard gold bar held as gold reserves by central banks and traded among bullion dealers is the Good Delivery gold bar. The kilobar, which is in mass, and a 100 troy ounce gold bar are the bars that are more manageable and are used extensively for trading and investment. The premium on these bars when traded is very low over the spot value of the gold, making it ideal for small transfers between banks and traders. Most kilobars are flat, although some investors, particularly in Europe, prefer the brick shape. Types Based upon how they are manufactured, gold bars are categorized as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold As An Investment
Of all the precious metals, gold is the most popular as an investment. Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries. Gold price Gold has been used throughout history as money and has been a relative standard for currency equivalents specific to economic regions or countries, until recent times. Many European countries implemented gold standards in the latter part of the 19th century until these were temporarily suspended in the financial crises involving World War I. After World War II, the Bretton Woods system pegged the United States dollar to gold at a rate of US$35 per troy ounce. The system existed until the 1971 Nixon Shock, when the US unilaterally suspended the direct convertibil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Doré Bar
DOR, Dor, or DoR may refer to: Computer games and characters * '' Advance Wars: Days of Ruin'', a turn-based tactics video game for the Nintendo DS * Dor, a magician in the fictional Xanth universe; see Magicians of Xanth * ''WWE Day of Reckoning'', a Nintendo Gamecube video game Geography * Dör, a village in Hungary * Dor, Iran, a village in Isfahan Province, Iran * Dor, Israel, a moshav in northern Israel * Ein Dor, a kibbutz in northern Israel * Tel Dor, an archaeological site in Israel on the site of Dor or Dora, an ancient royal city of the Canaanites * Dori Airport, an airport in Burkina Faso with the IATA code DOR * Dorset, county in England, Chapman code People Given name * Dor Bahadur Bista (born ca. 1924–1926), Nepalese anthropologist, social scientist and activist * Dor Daniel (born 1982), Israeli singer songwriter * Dor Elo (born 1993), Israeli football player * D'or Fischer (born 1981), American-Israeli basketball player * Dor Guez (born ca. 1980), Israeli ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tanaka Kikinzoku
The Tanaka Kikinzoku Group, founded in 1885, is a Japanese manufacturer of precious metals materials focusing mainly on products for the electronics, semiconductor and automotive industries. Tanaka's European subsidiary is Tanaka Kikinzoku International (Europe) GmbH in Frankfurt, Germany and its US subsidiary is Tanaka Kikinzoku International (America) Inc. in Chicago, United States. The name Tanaka Kikinzoku (Pronunciation according to IPA: []) traces back to the owners' family name "Tanaka" () and the Japanese word for precious metals "Kikinzoku" (). According to its company information, Tanaka leads the world market for Wire bonding, bonding wire and catalysts for PEM fuel cells. History 1884-1924 Foundation: Meiji and Taisho Period Tanaka Kikinzoku was originally founded as a monetary exchange firm, but became known as a company which connected manufacturing industries with platinum materials. Tanaka engaged in platinum metal recovery and the company was the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rand Refinery
Rand Refinery (Pty) Limited is the largest integrated single-site precious metals refining and smelting complex in the world. It was established in 1920 to refine gold within South Africa which until that time had been refined in London. History It was established in 1920 in Germiston, South Africa, by the Chamber of Mines of South Africa to refine all the gold produced by South Africa's gold mines instead of in London. As of 1919, the Bank of England would receive consignments of raw gold from the producers and issue it to individual refineries, refined and then returned to the Bank for sale, and the hope was that after the Rand Refinery was built, the gold industry would still be financed in London and that the refined gold would be sold in the latter. On 27 November 1920, Rand Refinery Ltd was registered as a private company, the capital raised from shares of gold mining companies that were members of the Chamber of Mines. Building of the facilities commenced in August 1920. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
PAMP (company)
PAMP SA (Produits Artistiques Métaux Précieux) is an independently operated precious metals refining and fabricating company and member of the MKS (Switzerland), MKS Group. It was established in 1977 in Ticino, Switzerland Originally starting as a minting facility of bars weighing less than 100 grams, and as an alloy specialist for the jewelry and luxury watch-making industries, it has grown to provide services from collection of Doré bar, doré from the mine, through to assaying, hedging and delivery of its bars and other products. The company produces bullion bars, from 1 gram to 12.5 kilograms. PAMP also provides custom minting service for private companies and government mints. The company's product range in that field goes from small bars and medals to legal tender coins. Accreditations PAMP bars are acceptable as 'Good Delivery' by the Swiss National Bank, the London bullion market, London Bullion Market Association (LBMA), London Platinum and Palladium Market (LPPM), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Métaux Précieux SA Métalor
The Metalor Group, previously Métaux Précieux SA Metalor, founded in 1852, is a subsidiary of Japan's Tanaka Kikinzoku Group. Metalor has become one of the major world suppliers of precious metals related products & procedures. It makes a wide array of alloys, especially for the watch and jewellery industry, supplying many of the Swiss watch brands, although it has expanded its activities far beyond its primary sector. History The roots of the company go back to the "preparatory rolling mill" founded in 1852 by Martin de Pury & Cie in Le Locle. This specialized in smelting gold and manufacturing watch cases. In 1864, the plant, which had five employees at the time, was taken over by the Banque du Locle. In 1918 the company became the property of the Swiss Bank Corporation. Operations have expanded to refining precious metals and producing bullion. In 1936, the bank association founded Métaux Précieux S.A. Metalor in Le Locle. As a result, production activities were initia ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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