Big, bigger, biggest
Around 1,000 kilograms of gold, purity 9999, a diameter of 80 centimetres and a thickness of 12 centimetres are the key data of the world's largest gold coin. The 32,150 ounces of gold are worth about 40 million euros at a gold price of 1,250 euros. The golden giant kangaroo of the Perth Mint was brought from Australia to New York by ship and displayed under the open sky. It advertised a new exchange-traded gold fund.
"It's about making gold known," says Richard Hayes, head of the Perth Mint. Second place is taken by a gold coin that weighs only 100 kilograms. The largest silver coin in the world is the Karl Marx silver coin, made in Germany. With 2,000 ounces of silver, it weighs just over 60 kilograms.
Now, experts believe, the time is ripe to reconsider gold investments. Currently at around 1,400 US dollars per troy ounce, the coming FED rate cuts should raise the price of gold significantly. Calculated also in Euro, the gold price should go up due to the interest rate cuts of the ECB which will take place shortly and the probably still loose monetary policy. Silver is currently trading at over 16 US dollars per troy ounce.
There are many gold companies, a closer look at earning such as White Gold or GoldMining.
White Gold - http://www.commodity-tv.net/c/search_adv/?v=299173 - has a large land package in the Yukon (35 properties) with an estimated more than one million ounces of gold in the ground. Highlights include rock samples up to 4.65 grams gold per tonne and surface samples with gold traces up to 94.4 grams gold.
GoldMining - http://www.commodity-tv.net/c/search_adv/?v=298886 - has prospective gold projects in South and North America, such as the Yellowknife gold project in Canada or the Titiribi gold and copper project in Colombia.
Current company information and press releases from White Gold (https://www.resource-capital.ch/en/companies/white-gold-corp/) and GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc/).
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