value

Top five countries that lost most gold in 2013

Each country’s central bank is usually known to hold gold reserves that basically just sit in vaults for years. However, the amount of gold each nation possesses represents, in most cases, a big part of its fortune. 

The United States, for instance, has more than 8,000 tonnes of gold.

But 2013 was tough for some countries and not every one of them managed to keep their gold reserves safe and sound. Especially because, this year, gold actually lost about 28 percent of its value, reducing the value of foreign reserves. Based on these numbers, here’s a list of the year’s biggest losers.

1. Portugal

1

  • In 2012, 90 percent of the country’s foreign reserves were in gold.

2013: the country lost about 25 percent of the value of its foreign reserves as the gold price tumbled, the equivalent to $8 billion.

2. Greece

2

  • Greece had 83 percent of its foreign reserves in gold.

2013: the country’s account lost 23 percent of its value.

3. United States

3

Gold: the ultimate store of value [infographic]

Gold has been going through a tough time with the downfall of its price, but that doesn’t make it any less valuable. Actually, gold is still the commodity that helps us define the value of things, despite the fact that it is extremely rare. Did you know that? Maybe not… And there are probably a lot of other facts about gold you ignore.

Luckily for you, here’s an updated infographic about this precious metal, ready to teach you all you need to know.

gold-investment-strategies_52b905798161c_w587

Infographic by Visual.ly via Mining.com

World’s 10 most precious metals

Ever wondered why people keep their gold pieces in safes? And why your family silverware is always so well protected? Well, that’s obviously because gold and silver are two precious metals. That you already know… But what about other metals? There are other substances equally precious, even more precious than gold, that you must get to know better. So here’s a list of the top 10 most precious metals in the world. A good handheld XRF can tell you what metal you have within the Most Rare Gold Minerals.

1. Rhodium

Rare Precious Metals Value by Price

This extremely rare, valuable and silvery-colored metal is commonly used for its reflective properties. It has a high melting point and an amazing ability to withstand corrosion.  Do you need a geology course to find expensive metals?

Largest producers: South Africa, Russia, Canada and other countries.

Uses: Commonly used for its reflective properties — in objects like search lights, mirrors and jewelry finish. Also valuable within the automotive industry and in several types of industrial fields.

Photo: Alchemist-hp

2. Platinum

Price of a rare Platinum Crystals

….Read more

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