| chuckchuckbobuc ( @ 2009-10-07 01:28:00 |
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| Entry tags: | gold producing countries, where gold is found, where is gold found, where to find gold |
Where Do We Get Gold? The top producers of precious metals worldwide
Where is gold found?
Gold is well-known mineral that touches all of our lives, but all of us have at some time or another wondered where gold is from. That's because It doesn't just magically appear as a ring on your finger, or as a bullon bar in a vault somewhere. Gold has to be located and mined before it can be processed and turned into such prized possessions.
The main source of gold on this planet for the last 120 years has been the Witwatersrand Basin in South Africa. Much of the earth's untapped gold resources are believed to remain there, with some estimates saying that the proportion is up to one third.
Where does gold come from? Mostly the USA, China, South Africa, and Australia.Next after South Africa, the biggest gold-producing country has been the USA. Especially the state of Nevada which is the top producer within the US, but also states such as California, Alaska, and Colorado.
Next in line after the USA is Australia, the 3rd largest gold producing nation on earth. Gold was first discovered there near Ophir, New South Wales, and today is primarily mined in the Goldfields-Esperance and Pilbara regions of Western Australia, and at Bendigo, Victoria. The largest open-air mine in Australia is the Super-Pit gold mine in Kalgoorie, a town in the Goldfields-Esperance region, and extends 8 square kilometers. It is an overwhelming sight to behold.
Other resource-rich countries like the USA, Canada, and Australia actually hold larger gold reserves than China. But the cheaper cost of workers and of production in China, as well as increases in the degree of foreign investment in China,have increased China's production rate to be greater than that of countries with more natural resources including gold reserves.
Learn the answer to various questions like Where is Gold Found? at The Gold Market.