Tag: history of gold
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Is Alaska About to Have Another Gold Rush?
Alaska is one of the most prospective and yet most underexplored areas in the world. GOLD is the top producing mineral in Alaska. There are good reasons for the neglect, most notably the long, cold winters and the lack of infrastructure. Whether the latter is a result of, or a cause of, there being few people in…
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The Great Confiscation: Gold ownership was illegal in the USA from 1933 to 1975.
Only gold coins kept in safety deposit boxes were actually seized; no other coins were taken. While it was illegal to use gold bullion as currency, simply owning gold coins was not against the law. Thus, the notion of a widespread “confiscation” of gold coins is largely exaggerated. Have you heard of Roosevelt’s Emergency Banking…
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London Gold Fixing / LBMA Gold Price.
The London Gold Fixing, also known as Gold Fix, is the process of determining the price of gold through a dedicated conference line. In the past, this activity occurred at the London premises of Nathan Mayer Rothschild & Sons and was facilitated by the members of The London Gold Market Fixing Ltd. The primary purpose…
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Gold mining.
Gold mining involves the extraction of gold from various sources, initially focusing on alluvial deposits using manual methods like gold panning. Over time, the industry has evolved, incorporating complex processes such as pit mining and gold cyanidation for ores not on the surface. Large corporations dominated gold mining in the 20th and 21st centuries, but…