From the ancient world of Incas to the famous 19th century US gold rush, men have been trading and fighting over gold for thousands of year, thus making it one of the most sought-after precious metals in this planet. Today, gold is almost used in everything from jewellery, industries, and technology.
Nowadays, buying gold bullion is a popular form of investment to people who are looking to protect and stabilise their financial well-being despite the negative impact brought about by global economic downturn. Aside from being a wise investment, here are some fun facts about gold bullion every investor should know.
- The term bullion can be applied to either bars or coins. You can view our list of products by clicking the link.
- The material value of gold bullion is directly proportional to its purity, weight, and condition. The gold used in bullions can be 99.9 to 99.9999 percent pure.
- Gold is denser than lead, and one cubic meter of gold can weigh 19,300 kilograms.
- The term bullion came from Claude de Bullion, a French Minister of Finance under Louis XIII.
- The first pure gold coins were created in 540BC by King Croesus of Lydia.
- The largest and heaviest gold coin in the world is the Australian Kangaroo, which weighs 1 tonne and with a denomination of a million Australian dollars.
- The 1933 $20 St. Gaudens Double Eagle is considered to be the most expensive gold bullion coin ever auction. It was sold for $7.6 million in 2002.
- The American Gold Eagle (1985) is considered to be the most popular gold coin.
- The South African Krugerrand (1967) is considered to be the first modern gold bullion coin.
- China is considered to be the number 1 country when it comes to gold mining and importing of gold bullion.
Buying authentic and high quality gold bullion does not need to be an intimidating experience as long as you look for a retailer known for its credibility and good reputation in the business. Check us out, and learn what our clients say about us.
