Price of Australian Gold

Ever since the world financial system embodied a US dollar standard, a medium of exchange whereby merely one nation has the benefit of borrowing and repaying debt in its own currency, the central banks and bullion banks (basically large international banks) have been trying to suppress the price of gold downwards in an attempt to influence the ‘durability’ of the US dollar monetary system the world has functioned under since 1971.Substantial demand...

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 Chances are the ring on your finger is marked 18K, 14K, or 10K, with the K standing for karat, the system used to describe the percentage of pure gold an item contains. The higher the karat number, the higher the percentage of gold in your gold jewelry. - 24K gold is pure gold.- 18K gold contains 18 parts gold and 6 parts of one or more additional metals, making it 75% gold.- 14K gold contains 14 parts gold and 10 parts of one or more additional metals, making it 58.3% gold.- 12K gold contains 12 parts gold and 12 parts of one or more additional metals, making it 50% gold.- 10K gold contains 10 parts gold and 14 parts of one or more additional...

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Gold Mining Methods:Leaching

  Leaching is the chemical process of removing gold from ore. Currently 80% of the world’s gold is recovered this way. It is also a process best left to the experts, as witnessed by the mercury poisoning fallout from old mines, and the gigantic cyanide spills from modern day gold mining tail ponds. Not only are substances like cyanide hard to obtain for the amateur prospector, they are dangerous to handle. Mercury has a lethal vapor, and...

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Metal Detecting

 Of course any method that keeps you out of the water is a good winter method. A few months ago I wrote several posts on metal detecting. There is a great deal of interest in this subject as you have noticed if you read TreasureNet so I thought I would repost for those who missed it. Everyone has strong opinions on the subject, and this post is in no way meant to discourage anyone from experimenting and discovering for themselves. I have edited and revised my remarks so that I could cover the subject in this one post. Hope you enjoy. Just a few notes on metal detectors. I started working with them about 15 years ago,...

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Market for Gold

In the past, the price of gold has been determined at certain central world markets, such as Zurich Switzerland, and London, England. These markets will continue to be a major factor in the pricing of gold. Unlike other commodities, the historic role of gold as a standard of value to support domestic currencies and regulate international settlement of trade balance places an unknown factor on the pricing of gold in these world markets. Political...

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Used Mining Equipment

Most the time at the beginning of any mining project appear the question about the type of mining equipment to be employed. Some times the decision is not easy due to the lack of information on used equipments or the lack of experience with certain new equipments. Obviously, new equipment is an attractive choice, but the investment could be out of the real cost. So, the option focused on used mining equipment must be considered. Perhaps, many mining companies and public in general, can’t imagine that big corporations around the world acquire used equipment to be employed in the mine or in the mill because they try to save money...

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Important Prospecting Equipment

A Prospecting Pan: Although the pan is such an old thing, it is still a basic element in prospecting both for people that are just taking up this hobby (or profession) as well as for the experienced professionals. In the past during the gold rush people would use all kinds of things as gold pans. There were even people that used to cook and pan out of the same frying pan. Supposedly the first ones to have brought a vessel to the gold fields which they used to separate precious metals from the sand and gravel of the stream beds. The Mexicans used to use a pan they called Batea. The Batea was wood carved and it was around sixteen inches wide,...

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WILD WEST HISTORY OF GOLD MINING

WILD WEST HISTORY OF GOLF MINING A short historical movie of the history of the old west and its search for gold in the 180...

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How to Build Your Own Gold Prospecting Equipment

You can build your own prospecting equipment like a sluice box for a lot cheaper than buying one for retail price at a store. Sluice boxes act as a natural gravity trap for gold. Acting as a medium, the sluice box uses water to sort gold from other minerals. 1Determine what size you want your sluice box to be. A good length to start with is 4 feet. Match your sewer pipe and 2x4 board with the chosen length. 2Use a sharp knife to...

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