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Peak Gold
Peak gold is the date at which the maximum rate of global gold extraction is reached. According to Hubbert peak theory, after the peak, the rate of production declines until it approaches zero. Unlike petroleum, which is destroyed in use, gold can be reused and recycled. Supply and demand World gold demand (defined in terms of total consumption excluding central banks) in 2007 was 3,519 tonnes. Gold demand is subdivided into central bank reserve increases, jewellery production, industrial consumption (including dental), and investment (bars, coins, exchange-traded funds, etc.) The supply of gold is provided by mining, official sales (typically gold by central banks), de-hedging (physical delivery of metal sold months before by mining companies on terminal markets) and old gold scraps. The total world supply of gold in 2007 was 3,497 tonnes. Gold production (mining) does not need to make up for gold demand because gold is a reusable resource. Currently, yearly gold mining pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Top 5 Gold Producers
A spinning top, or simply a top, is a toy with a squat body and a sharp point at the bottom, designed to be spun on its vertical axis, balancing on the tip due to the gyroscopic effect. Once set in motion, a top will usually wobble for a few seconds, spin upright for a while, then start to wobble again with increasing amplitude as it loses energy, and finally tip over and roll on its side. Tops exist in many variations and materials, chiefly wood, metal, and plastic, often with a metal tip. They may be set in motion by twirling a handle with the fingers, by pulling a rope coiled around the body, or by means of a built-in auger (spiral plunger). Such toys have been used since antiquity in solitary or competitive games, where each player tries to keep one's top spinning for as long as possible, or achieve some other goal. Some tops have faceted bodies with symbols or inscriptions, and are used like dice to inject randomness into games, or for divination and ritual purposes. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GFMS Ltd
GFMS (formally Gold Fields Mineral Services) are research and consultancy company for the precious metal markets. Since 2011 they have been part of Thomson Reuters. As well as other commodities, they research gold, silver, platinum, palladium, and copper trading. History The consultancy’s core publication is the annual ''Gold Survey'', which began in 1967. Consolidated Gold Fields, a mining conglomerate that was later taken over by Hanson plc in 1989, originally launched the ''Gold Survey''. After the take over, a company was formed the same year to continue the survey. Between 1994 and 1998, the company was owned by Gold Fields of South Africa. Between 1998 and 2003, the company was known as Gold Fields Mineral Services Limited. In 1998, members of the research team completed a management buy out of GFMS from GFSA, and the consultancy gained full independence. In 2002, GFMS became an associate member of the London Bullion Market Association. In August 2011, GFMS was purchase ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Goldcorp
Goldcorp Inc. was a gold production company headquartered in Vancouver, British Columbia, Canada. The company employed about 15,800 people worldwide, engaged in gold mining and related activities including exploration, extraction, processing and reclamation. Goldcorp’s operating assets included four mines in Canada, two mines in Mexico, and four in Central America, Central and South America. As of the third quarter of 2014, Goldcorp was the Largest gold companies, world's fourth-largest producer of gold. On January 14, 2019, Goldcorp agreed to a merger acquisition by Newmont Mining Corporation, the world’s second-largest producer of gold, with the merged “Newmont Goldcorp” to be the world’s largest producer. In June 2016, Goldcorp was named one of Corporate Knights magazine's Best 50 Corporate Citizens in Canada. In the same year, the company was also ranked among Canada's Top 100 Employers. Goldcorp has repeatedly been accused of harming the environment, livestock, and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roy Sebag
Roy Sebag (born June 28, 1985) is an Israeli-Canadian contrarian investor, entrepreneur and author. He is the founder of precious metal savings and payments platform GoldMoney Inc, and serves as Chief Executive Officer. He is also the founder of cryptomining company Bitfarms, Ltd. a publicly traded company on the Toronto Stock Exchange, and served as its CEO until April 2019. Career Investments In 2011, Sebag was a managing partner of Essentia Equity, one of several lenders that invested $43 million of rescue financing into American Apparel helping the company avert bankruptcy, but the company later went bankrupt. In September 2012, Sebag invested in German automotive company Porsche Automobil Holding SE. In an interview with the financial newspaper Barron's, Sebag argued that the legal overhang due to the 2008 short squeeze of Volkswagen provided a unique opportunity to purchase shares of Porsche at a discount. Natural Resource Holdings In 2010, Sebag formed Natural Resourc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Resource Holdings
Nature, in the broadest sense, is the physical world or universe. "Nature" can refer to the phenomena of the physical world, and also to life in general. The study of nature is a large, if not the only, part of science. Although humans are part of nature, human activity is often understood as a separate category from other natural phenomena. The word ''nature'' is borrowed from the Old French ''nature'' and is derived from the Latin word ''natura'', or "essential qualities, innate disposition", and in ancient times, literally meant "birth". In ancient philosophy, ''natura'' is mostly used as the Latin translation of the Greek word ''physis'' (φύσις), which originally related to the intrinsic characteristics of plants, animals, and other features of the world to develop of their own accord. The concept of nature as a whole, the physical universe, is one of several expansions of the original notion; it began with certain core applications of the word φύσις by pre-Socr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roland Watson
Roland Watson is a British journalist who is currently foreign editor for ''The Times''. He was educated at Eton College Eton College () is a public school in Eton, Berkshire, England. It was founded in 1440 by Henry VI under the name ''Kynge's College of Our Ladye of Eton besyde Windesore'',Nevill, p. 3 ff. intended as a sister institution to King's College, C .... He was previously political editor of ''The Times'' from 2010 to 2013, having joined ''The Times'' in 1998 as a political correspondent. References Year of birth missing (living people) Living people People educated at Eton College The Times people {{UK-journalist-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Barrick Gold
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2019, it produced 5.5 million ounces of gold at all-in sustaining costs of $894/ounce and 432 million pounds of copper at all-in sustaining costs of $2.52/pound. the company had 71 million ounces of proven and probable gold reserves. Barrick has met or beaten market consensus on its financial and operating results for eleven consecutive quarters as of Q3 2021. Barrick had been the world's largest gold mining company until Newmont Corporation acquired Goldcorp in 2019. Barrick expects to produce between 4.6 and five million ounces of gold and between 440 and 500 million pounds of copper in 2020. Chief executive Ma ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Price
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 Derivative (finance), 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 t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gold Mining
Gold mining is the extraction of gold resources by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. However, with the expansion of gold mining to ores that are not on the surface, has led to more complex extraction processes such as pit mining and gold cyanidation. In the 20th and 21st centuries, most volume of mining was done by large corporations, however the value of gold has led to millions of small, artisanal miners in many parts of the Global South. Like all mining, human rights and environmental issues are common issues in the gold mining industry. In smaller mines with less regulation, health and safety risks are much higher. History The exact date that humans first began to mine gold is unknown, but some of the oldest known gold artifacts were found in the Varna Necropolis in Bulgaria. The graves of the necropolis were built between 4700 and 4200 BC, indicating that gold mining could be at least 700 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Gold Production 1900-2014
In its most general sense, the term "world" refers to the totality of entities, to the whole of reality or to everything that is. The nature of the world has been conceptualized differently in different fields. Some conceptions see the world as unique while others talk of a "plurality of worlds". Some treat the world as one simple object while others analyze the world as a complex made up of many parts. In ''scientific cosmology'' the world or universe is commonly defined as " e totality of all space and time; all that is, has been, and will be". '' Theories of modality'', on the other hand, talk of possible worlds as complete and consistent ways how things could have been. ''Phenomenology'', starting from the horizon of co-given objects present in the periphery of every experience, defines the world as the biggest horizon or the "horizon of all horizons". In ''philosophy of mind'', the world is commonly contrasted with the mind as that which is represented by the mind. ''Th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Exchange-traded Fund
An exchange-traded fund (ETF) is a type of investment fund and exchange-traded product, i.e. they are traded on stock exchanges. ETFs are similar in many ways to mutual funds, except that ETFs are bought and sold from other owners throughout the day on stock exchanges whereas mutual funds are bought and sold from the issuer based on their price at day's end. An ETF holds assets such as stocks, bonds, currencies, futures contracts, and/or commodities such as gold bars, and generally operates with an arbitrage mechanism designed to keep it trading close to its net asset value, although deviations can occasionally occur. Most ETFs are index funds: that is, they hold the same securities in the same proportions as a certain stock market index or bond market index. The most popular ETFs in the U.S. replicate the S&P 500, the total market index, the NASDAQ-100 index, the price of gold, the "growth" stocks in the Russell 1000 Index, or the index of the largest technology companies. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
World Gold Council
The World Gold Council is the market development organisation for the gold industry. It works across all parts of the industry, from gold mining to investment, with the aim of stimulating and sustaining demand for gold. They frequently publish research that demonstrates gold’s strength as a preserver of wealth – both for investors and countries. They also provide analysis of the industry, offering insights into the drivers of gold demand. They have also launched various products such as SPDR Gold Shares and gold accumulation plans in India and China. The World Gold Council is an association whose members comprise the world’s leading gold mining companies. It helps to support its members to mine in a responsible way and developed the Conflict Free Gold Standard. Headquartered in London, United Kingdom, they have offices in India, China, Singapore and the United States. David Harquail became new president. WGC appoints David Tait as the CEO. References External links * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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