Gold: Mining And Supply

Gold was first discovered in what are known as placer deposits. These are host rock that have been naturally worn down by weather and have released gold particles that travel down a slope to a hillside, canyon mouth, or stream-bed.

Today, most gold comes from mining hard rock deposits either through open pit or underground mining. Deposits form when gold is dissolved in hot pressurized fluids deep in the crust, and then transported upwards on …

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Gold Bars In The Bank of England Vault

We’ve all heard about Fort Knox in the USA where America’s gold reserves are supposed to be stored.

London is one of the financial centers of the world. Have you ever wondered where gold bullion is stored in that city?

This “hidden gold mine” of the United Kingdom’s gold reserves, just uncovered by the BBC, is stored in some massive vaults beneath the Bank of England.

The value of the gold held in storage is …

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