Did you Know??

1. The term “gold” is the from the Proto-Indo-Europeanbase ghel / ghol meaning “yellow”, “green”, or possibly “bright”.
2. The chemical symbol for gold is AU, from the Latin word aurum meaning “shining dawn” and from Aurora, the Roman goddess of the dawn. In 50 B.C., Romans began issuing gold coins called the Aureus and the smaller solidus.
3. Did you know that Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts.
4. Did you know that all the gold ever mined by man since the dawn of time would fit into 2 olympic swimming pools.
5. Did you know that the biggest miner and producer of gold is now China, overtaking South Africa, which has for years been the world leader of Diamond and Gold mining.
6. Did you know that in terms of raw material there is about twenty times more silver than gold, but in terms of metal reserves Gold globally has about 1.2 billion ounces where as silver only has about 200 million ounces.
7. Gold has always been admired by humans and its use can be traced as far back as the bronze age 5000 years ago.

• Gold is so pliable that it can be made into sewing thread. An ounce of gold can be stretched over 50 miles.
• The value of gold has been used as the standard for many currencies. After WWII, the United States created the Bretton Woods System, which set the value of the U.S. dollar to 1/35th of a troy ounce (888.671 mg) of gold. This system was abandoned in 1971 when there was no longer enough gold to cover all the paper money in circulation.
• The world’s largest stockpile of gold can be found five stories underground inside the Federal Reserve Bank of New York’s vault and it holds 25% of the world’s gold reserve While it contains more gold than Fort Knox, most of it belongs to foreign governments
• Carat weight can be 10, 12, 14, 18, 22, or 24. The higher the number, the greater the purity. To be called “solid gold,” gold must have a minimum weight of 10 carats. “Pure gold” must have a carat weight of 24.

(facts provided by http://facts.randomhistory.com/2009/03/09_gold.html)

There are many interesting facts about Gold & Silver, one thing we do know for sure is thatGold prices are at an all time high ever in history. What better time to sell your old broken, scrap or out of style gold jewellery to Ezy Gold buyers, we promise to pay the best price on the day and you will receive Cash in hand (no cheques or bank transfers) just a good old fashioned deal.

Call EZY GOLD BUYERS TODAY 09 570 1511

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A gold rush (like Alaska saw a century ago) is unlikely as most people would be put off by the amount of work, time and money needed to produce significant amounts of gold.  People can spend hours gold prospecting (which is back-breaking labour) with only a few gold flakes to show for it.

That said, there are some hardy gold miners for who a tiny bit of gold is more than enough to keep going.  Bill Dunleavy has been gold prospecting in Alaska for 46 years and found this enormous, 5 ounce gold nugget in the early 1990s.

Soon after he found the gold nugget someone offered to buy it for $20,000, but he refused.  Who knows how much the gold nugget would fetch nowadays?

In the past 20 years, 180 million ounces of gold has been discovered in Alaska with a possibility of more gold.  Recently the number of gold claims being bought is up, the number of smaller gold mining operations has increased and two major gold mining projects are underway in southwest Alaska.

If you happen to be holidaying in Alaska and find a nugget like Bill Dunleavy’s, come into EzyCash Gold Buyers when you return to New Zealand for a top cash price.  We also pay top cash prices for any unwanted gold, silver, diamonds and luxury watches.

(Source: nzherald.co.nz)

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Gold in New Zealand was first discovered in the 1830s in the Coromandel but we didn’t get on the gold-mining map until the 1850s and 60s with a big gold discovery in Otago.

Much of the gold was in hard rock but some gold could be found in river gravel.  That’s why so many men flocked to New Zealand at that time to try and make their fortune with gold – all they needed to pan gold was a pick, a shovel and a gold pan.

And, believe it or not, there is still some gold left.  The bulk of the gold has gone (the gold rush in the 1860s and 70s took care of that) but you never know, you could stumble across an untapped piece of river, strike it lucky and get enough cash for your gold to retire.

So, how do you pan for gold?  It takes a little practice, but panning for gold is a fairly simple process. 

This is what you’ll need:

A gold pan (a shallow bowl with sloping sides that’s about 30cm across)

A river

 How to pan for gold

• You want a river that’s at least 25cm deep and where the water runs fast enough to wash debris from the gold pan.
• Put enough gravel in your gold pan so it’s about ¾ full and put the gold pan just under the water.

Shake the gold pan a little from side-to-side to bring the larger rocks to the surface and take them out.

Then, start making some circular movements with the gold pan.  The gravel will lift from the base of the gold pan and be washed away by the river.  The theory is that gold is heavier than the rock and the gold will move towards the bottom of the gold pan.

Once your gold pan has only fine gravel and lighter sand, tip the gold pan slightly away from you to wash this debris away.  When there is only a few handfuls left, take the gold pan out of the river with about 2cm of water still in it and keep washing until you’ve got rid of all the debris.  Hopefully, the only thing that’s left will be gold!

Where to pan for gold:

The best place to pan gold is the west of the South Island, between Queenstown andDunedin, but there are plenty of good gold-panning sites aroundNew Zealand.

A good place to find gold panning sites is:

http://www.crownminerals.govt.nz/cms/minerals/gold-fossicking

So after you’ve panned for gold you can get cash for gold at EzyCash Gold Buyers in Panmure,Auckland.  You can also sell silver, sell diamonds and sell luxury watches to us.  Come into EzyCash Gold Buyers for a free in-store valuation.

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In April last year the price of silver peaked at US$49 a troy ounce.  Currently the spot price of a troy kilo of silver is around NZ$1214 – an increase in the silver price of over 100% cent in the past five years.

This increase in the price of silver is due to a shrinking supply of silver around the world.  And this silver supply is set to shrink slightly further due to an announcement by the Mining Health and Safety Administration in the US.  The Administration has ordered the temporary closure of the silver shaft at the Lucky Friday silver mine in Mullan, Idaho.

The silver mine, owned by Hecla Mining Company, will be closed for maintenance and cleaning until early 2013.  Over time, sand and concrete material has built up in the silver mine and must be removed by power cleaning to prevent future hazards.

After the announcement the silver miner’s share price dropped 21% which lead to fund managers speculating that Hecla, the United States’ largest silver supplier, could be vulnerable to takeover bids.

It’s estimated that an inability to mine silver from Lucky Friday will lessen the companies’ 2012 silver output by about 25%, from 9 million ounces of silver to 7.5 million ounces of silver.

According to the company the financial impact of the silver mine closure will be minimal but it will delay the mining of higher grade silver that sits deeper in the silver mine.

Jobs will also be affected with 200 employees potentially out of work.  Hecla hoped that around 50 workers will be transferred to it’s other major silver mine in Alaska and to two silver exploration sites in Colorado and Idaho.

It’s not the only disruption to the mining of silver and gold around the world either.  In Kyrgyzstan (a mountainous country near Kazahkstan), drilling for a new gold mine was suspended after an arson attack on the gold mining company’s geologist camp by horsemen wielding sticks and petrol bombs.

The conflict has since been resolved with an agreement signed between the gold mining company and local villagers.  Once the gold mine is operational and jobs are created, locals will be given priority, and land-owners will be compensated for any damage that may occur.

Whatever happens in the world of gold and silver, you can be assured that EzyCash Gold Buyers will give you a top cash price for gold jewellery and silver jewellery, all kinds of broken or scrap silver and gold as well as luxury watches and diamonds.  Bring it in for an expert evaluation to our store in Panmure, Auckland.

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EzyCash Gold Buyers specialise in buying 22 carat gold.  22 carat gold has special significance in India– the world’s biggest consumer of gold.

The carat weight of a piece of gold refers to how much pure gold is present in the gold.  A piece of gold that is 99.9% pure gold is referred to as 24 carat gold.

In India, 22 carat gold is seen as the most pure form of gold available.   This was first acknowledged in the late 1980s and refers to the fact that pure gold loses some of its purity after melting, leaving it at 91.67% pure gold, or 22 carats.

India has a long standing relationship with gold.  In Western countries it’s often a dream to own your own home, but in Indian culture it’s a dream to own gold.

What gold means

Gold is especially important for weddings.  Gold signifies purity and shows the wealth and wellbeing of the couple-to-be.  An Indian bride that is bedecked in gold is showing the honour and standing of her family.

Half of the gold bought in India is contained in gold jewellery bought for weddings.  Not only is India the number one consumer of gold jewellery in the world but is also home to the most gold bars and gold coins in the world.

What is interesting is that almost all of this gold is imported – Indian gold mines produce less than one percent of the world’s gold.

The demand for gold

Demand for gold in India has risen in recent years.  With a booming economy, the number of rich and middle-class Indian families has rapidly increased.  This, combined with the fact that Indian families routinely save 30 percent of their wages, means they have even more ability to buy gold.

It is well documented that the price of gold has increased exponentially in recent times.  Could this be due to India’s demand for gold?  Some say it is and that any large fluctuations in the gold price, both up or down, can be attributed to India’s appetite for gold.

As one analyst has said: ‘when India sneezes, the gold industry catches a cold’.

Bring your 22 carat gold into EzyCash Gold Buyers in Panmure, Aucklandwho specialise in 22 carat gold and will give you a top cash price for your 22 carat gold jewellery, 22 carat scrap gold, 22 carat gold bars and more.

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