BULLION TERMINOLOGY - G
*Sourced from Kitco.com*
Chemical symbol 'Au'. Precious metal of yellow color, whose most widespread uses are for jewelry and as an investment instrument. In recent history, gold was used as a backing for currencies and as a hedge against inflation. Throughout history, gold has fascinated and attracted people due to its malleability, reflectivity, very high density and its immunity to tarnishing. In modern day, its uses include electronics, radiation shielding and chemical experimentation.
Gold American Eagle
Since their first strike in 1986, the gold American Eagle coins remain the most popular modern gold coins minted today. The coins are minted by the US Mint and come in different sizes: 1 oz, 1/2 oz, 1/4 oz and 1/10 oz. The government of the United States guarantees the gold content, purity (.9167) and a face value of $50 USD for the 1 oz coin. The design on obverse side is inspired by the Saint-Gaudens' $20 double eagle gold coin. On the reverse is depicted a male eagle carrying an olive branch above a nesting female eagle and her hatchlings.
.9999 fine Gold coins issued beginning in 2006. The obverse and reverse designs are almost an exact duplicate of James Earle Fraser’s 1913 design used on U.S. five cent coins.
A general term for bars and coins made of gold that do not have a numismatic (collector’s value) to them. They are mainly traded for their investment value.
Gold Canadian Maple Leaf
Since their first strike by the Royal Canadian Mint in 1979, these coins remain the official .9999 gold coin of Canada. The first gold coins minted were .999 purity until 1982. Since then, the Royal Canadian Mint has finessed the coins to .9999 fine gold. These coins come in a variety of sizes: 1 oz, 1/2 oz, 1/4 oz, 1/10 oz 1/20 oz and 1 gram. The Canadian government guarantees the gold content, purity (.9999 fine gold) and a face value of $50 CAD for the 1 oz coin. The obverse surface features the profile of Queen Elizabeth II. The reverse depicts the famous Maple Leaf.
Naturally occurring irregularly shaped pieces of raw gold. Nuggets are often found in bodies of water or mines.
A variable used to demonstrate how many ounces of silver it takes to purchase an ounce of gold. Investors employ this ratio to assess the relative value of silver and to determine if it is a good time to purchase gold or silver.
Golden State Mint
Golden State Mint (GSM) is a recognized precious metals refinery that has been in the precious metals business for 40 years. Some of their affiliations include the International Precious Metals Institute (IMPI) and the Industry Council for Tangible Assets (ICTA). The Golden State Mint offers a broad range of gold and silver bullion. Kitco offers the 1 oz silver GSM Buffalo rounds.