Understanding the conversion between grams and ounces is crucial for anyone interested in investing in gold. This article will provide a quick conversion guide to help you navigate the weight and pricing of gold, specifically focusing on how many grams are in an ounce of gold. Whether you are an investor, a collector, or just curious about precious metals, this comprehensive guide will enhance your knowledge about gold’s measurement and valuation.

What is an Ounce of Gold?

An ounce of gold refers to a specific weight measurement used primarily in the precious metals market. The term’ ounce’ can refer to different types of ounces, but in the context of gold, it usually denotes a troy ounce. One troy ounce of gold is equivalent to approximately 31.1034768 grams. Understanding this conversion is vital for investors as it directly relates to the pricing and valuation of gold assets.

When you consider gold as an investment, knowing how much gold you are dealing with can significantly impact your financial decisions. Gold bars, coins, and bullion are often sold by the troy ounce, making it essential to grasp this unit of measurement. In many cases, collectors or investors will look for gold coins like the Canadian Gold Maple Leaf or the American Gold Eagle, weighing one ounce, to diversify their portfolios.

What is a Troy Ounce?

A troy ounce is a unit of measurement specific to precious metals, including gold and silver. It differs from the standard ounce used in everyday measurements, known as the avoirdupois ounce. One troy ounce equals 31.103 grams, whereas one avoirdupois ounce equals 28.35 grams. This distinction is crucial for anyone involved in the gold market, as most gold pricing and trading occur in troy ounces.

The troy ounce originated from a system of weight used in the Roman Empire and continued to be the standard for trade in precious metals. Understanding the troy ounce helps investors accurately assess the value of their gold investments. When purchasing or selling gold, it’s imperative to be aware of these differences to avoid confusion and ensure fair transactions.

Understanding the troy ounce helps investors accurately assess the value of their gold investments. When purchasing or selling gold, it’s imperative to be aware of these differences to avoid confusion and ensure fair transactions.
In the world of precious metals, the distinction between avoirdupois ounces and troy ounces is critical. Pricing your gold bullion based on an avoirdupois ounce can lead to a miscalculation of about 10%, a significant difference that can impact your bottom line. Industry professionals use troy ounces as the standard unit when referencing the price and value of metals like gold, silver, and platinum. This unit is typically expressed in terms of pounds, dollars, or euros per troy ounce.
Knowing the correct measurement not only helps in comparing gold prices accurately but also aids in identifying the best deals on various products. This is especially true when contrasting products measured in troy ounces and grams. As an investor, ensuring you’re using the right unit can make all the difference in maximizing the value of your portfolio.

How Many Grams Does an Ounce of Gold Weigh?

As mentioned earlier, one troy ounce of gold weighs approximately 31.103 grams. This measurement is consistent across the gold market and applies to both gold bars and coins. Knowing this conversion allows you to calculate the value of gold holdings based on the current price of gold per ounce.

For instance, if the current gold price is $1,800 per troy ounce, you can determine how much gold you own in grams and its corresponding value. For example, if you have a gold bar weighing 62.207 grams, that converts to two troy ounces. Therefore, the value of your gold bar would be approximately $3,600 based on the current gold price. This conversion knowledge enables investors to make informed decisions in the gold market.

What is the Current Gold Price?

The current gold price fluctuates based on market demand, economic conditions, and geopolitical factors. Investors should regularly check the gold price per troy ounce to understand its market value. You can find the current price of gold on financial news websites, commodity exchanges, or through gold dealers like Accurate Precious Metals.

Tracking the current price of gold helps investors determine the best time to buy or sell their gold assets. Prices can vary significantly within short periods, making it essential to stay informed. Additionally, many investors use the spot price of gold as a benchmark for trading and investment decisions, ensuring they get the best possible value for their gold holdings.

To make informed decisions, it’s beneficial to explore various aspects of the gold market:

• Gold Bars vs. Coins: Consider the differences between investing in gold bars and coins. Each has its advantages and can influence your buying strategy based on market trends and personal preferences.

• How Does the Purity of Gold Coins Affect Their Weight and Value?

  The purity of gold coins is a critical factor influencing both their weight and value. When collecting or investing in gold coins, understanding this relationship is essential.

  Gold Purity and Composition

  Gold purity is typically expressed in karats or parts per thousand. For example, a 22-karat gold coin means that 22 parts out of 24 are pure gold, equating to a purity level of 91.67%. This means that other metals, such as silver or copper, are mixed in to enhance the coin’s durability. These additional metals can help the coin resist dents and warping, making it more suitable for handling and everyday use.

  Impact on Weight

  A gold coin’s stated weight often includes both the gold content and the other metals. For instance, a 1-ounce coin made of 22-karat gold does not contain a full ounce of pure gold. To determine the pure gold content, calculate the weight of the gold by multiplying the total weight of the coin by its purity level. For example, multiplying the total weight of 33.95 grams by a purity of 91.67% gives approximately 31.12 grams of pure gold. This precision in calculation is crucial when assessing the coin’s actual gold content.

  Influence on Value

  The value of a gold coin depends largely on its gold content. Coins with higher purity levels typically command higher prices because they contain more pure gold. However, the presence of other metals can also affect the coin’s market appeal, especially if the design or historical significance is considered. While purer coins might fetch higher prices, coins of lower purity but rich historical or numismatic value can also hold substantial worth to collectors.

  In summary, gold coin purity significantly impacts both the weight and value. An investor must consider these factors to make informed decisions in the gold market. Understanding the balance between purity, durability, and historical importance can lead to more strategic acquisitions.

• Gold vs. Silver: Understanding the dynamics between gold and silver can help in making strategic decisions. The gold-silver ratio is a valuable tool for assessing relative value and timing purchases.
• Global Production and Reserves: Insights into the top gold producers and reserves worldwide provide a broader perspective on supply, which affects pricing.
• Market Forecasts: Keep an eye on gold price forecasts and analyses from reputable sources. These insights can guide you in anticipating market movements and identifying opportune moments to invest.
• Investment Options: Familiarize yourself with the top gold and silver investment options to diversify your portfolio effectively. Each option has unique benefits and risks that can impact the timing of your purchase.

Staying updated with these various factors not only aids in timing your investments but also enhances your overall understanding of the market landscape. By combining the benchmarks of current pricing with a broader market perspective, you can better navigate your gold investment journey.

Why is Gold Measured in Troy Ounces?

Gold is measured in troy ounces because this measurement has been the standard for precious metals since the 1800s. The troy-ounce system offers a consistent and reliable way to quantify gold’s weight and value, making it easier for traders and investors to transact. The historical significance of the troy-ounce system also adds an element of tradition to the trade of precious metals, which many investors appreciate.

The origins of the troy ounce date back to the medieval era, taking its name from the French city of Troyes. This measurement became crucial as it aligned well with the European trading systems of the time. Given the high value of precious metals like gold and silver, traders needed a precise and uniform system to ensure accurate transactions.

Why the Troy Ounce Matters

• Uniformity and Trust: The introduction of the troy ounce established a shared concept of weight among international traders, fostering trust and facilitating smoother transactions across borders.
• Historical Legacy: As trade routes expanded, the troy ounce solidified its role as the standard measurement. This legacy continues today, underscoring its enduring relevance in global markets.

By understanding the rich history and continued importance of the troy ounce, investors can better appreciate the tradition and trust that underpin precious metal trading.

 

What is the Price of One Ounce of Gold?

The price of one ounce of gold varies based on market conditions and investor sentiment. It’s essential to check the current gold price before making any transactions. As an example, if the gold price is $1,800 per troy ounce, this means an ounce of gold worth $1,800 is available for purchase. Prices can change frequently, so it’s wise to stay updated.

When considering the price of gold, many factors come into play, including inflation, currency strength, and global demand for gold as a safe-haven asset. Investors often analyze these factors to predict future price movements and make informed investment decisions. Understanding the price of one ounce of gold allows investors to strategize their buying or selling actions effectively.

How to Convert Ounces to Grams?

Converting ounces to grams is straightforward.

To accurately measure the weight of your gold, understanding conversions between grams and troy ounces is essential. If you have the weight in grams and wish to convert it to troy ounces, simply multiply the weight in grams by 0.03215. This straightforward calculation provides a precise conversion, allowing you to determine how many troy ounces of gold you possess.

Now, if you need to convert troy ounces back to grams, multiply the number of troy ounces by 31.1034768 grams. For instance, if you have one ounce of gold, you would calculate:

• One troy ounce × 31.1034768 grams = 31.1034768 grams.

This simple calculation helps investors determine the weight of their gold in grams. By understanding both conversion methods, you can effortlessly navigate between these units, whether you’re trading, investing, or simply verifying your holdings.

This simple calculation helps investors determine the weight of their gold in grams.

For those dealing with larger quantities, it’s beneficial to remember that 10 troy ounces equals approximately 311.034768 grams. Knowing how to convert ounces to grams enables investors to manage their gold investments more effectively, ensuring they can assess their holdings accurately based on current gold prices.

What Factors Affect the Price of Gold?

The price of gold is influenced by a variety of factors, including economic indicators, inflation rates, and geopolitical tensions. When economic uncertainty arises, investors often flock to gold as a safe-haven asset, driving up demand and, consequently, prices. Additionally, currency fluctuations, particularly the value of the U.S. dollar, can significantly impact gold prices.

Interest rates also play a crucial role in the gold market. Lower interest rates tend to make gold more attractive to investors since it does not yield interest or dividends like other investments. As a result, when rates are low, demand for gold rises, pushing prices higher. Understanding these factors helps investors make informed decisions about their gold purchases and sales, maximizing their investment potential.

How Can One Forecast Gold Prices?

Forecasting gold prices involves analyzing a range of economic, political, and market factors. Here’s a comprehensive approach to predict future trends in the gold market:

1. Economic Indicators and Data Analysis

• Inflation Rates: Gold often acts as a hedge against inflation. When inflation rises, gold prices tend to increase as the purchasing power of currency declines.
• Interest Rates: Lower interest rates make non-yielding assets like gold more attractive, potentially driving prices up. Conversely, higher rates can depress gold demand.
• Currency Fluctuations: A weaker dollar makes gold cheaper for holders of other currencies, often boosting demand and prices.

2. Political and Geopolitical Factors

• Global Instability: Political unrest, wars, or geopolitical tensions can lead to increased gold purchases as investors seek safe-haven assets.
• Trade Policies: Changes in trade policies, tariffs, or economic sanctions can impact supply chains and influence market sentiments, affecting gold prices.

3. Market Trends and Sentiment

• Gold Demand and Supply: Track mining outputs, technological demand, and central bank buying as they directly affect supply and demand dynamics.
• Investor Behavior: Trends in gold ETFs, futures markets, and retail investment can signal shifts in sentiment towards gold, influencing price movements.

4. Technical Analysis

• Chart Patterns: Analyzing historical price charts can help forecast future movements. Look for trends such as head and shoulders, double tops, or bottoms.
• Moving Averages: Utilize tools like the moving average convergence divergence (MACD) and relative strength index (RSI) to predict potential price shifts.

Balancing All Factors

It’s crucial to consider a mixture of these factors together rather than relying on a single indicator. Combining economic data with technical analysis and market sentiment provides a more holistic view. Staying updated with reports from reputable sources like the World Gold Council and financial news outlets can further enhance your forecasts.

By approaching gold price forecasting with a diverse set of tools and information, you can hone your predictions and make more informed investment decisions.

How to Buy Gold: Tips and Considerations

When buying gold, consider various factors to ensure a successful investment. First, research reputable dealers, such as Accurate Precious Metals, to ensure you’re getting a fair price and quality product. Look for certifications and authenticity guarantees, especially when purchasing gold coins and bars.

Another crucial tip is to stay informed about the current gold price. Knowing the market value helps you negotiate better and avoid overpaying for gold. Additionally, consider whether you want to invest in physical gold, like coins or bars, or paper gold, such as gold ETFs. Each option has its advantages and disadvantages, so choose the one that aligns best with your investment strategy.

Key Considerations: Gold Bars vs. Coins

When deciding between gold bars and coins, weigh the following factors:

• Liquidity: Coins are often more liquid and easier to sell in smaller increments. Bars, while typically offering a lower premium, may require selling larger amounts at once.
• Storage and Security: Bars are compact and efficient for storing large values, but they need secure storage solutions. Coins, while taking up more space, can be easier to store securely in smaller quantities.
• Cost and Premiums: Coins generally have higher premiums due to their collectible value and limited mintage. Bars usually have lower premiums, making them cost-effective for bulk investments.
• Flexibility: Coins offer more flexibility in selling portions of your investment over time. This can be advantageous when market conditions fluctuate.
• Aesthetic and Historical Value: Coins often carry historical significance and aesthetic appeal, attracting collectors and potentially increasing their value over time.

By understanding these factors, you can make an informed decision that aligns with your financial goals and risk tolerance. Whether you choose bars or coins, ensure your investment strategy reflects your individual needs and market insights.

Understanding the Composition and Purity of an American Gold Eagle Coin

When exploring gold investment options, the American Gold Eagle coin stands out due to its unique composition and renowned purity. The typical makeup of this iconic coin includes 22-karat gold, which is equivalent to a gold purity of approximately 91.67%.

Composition Details:

• Gold Content: Each coin contains one ounce of pure gold.
• Additional Metals: To enhance durability, silver and copper are incorporated into the mix. This alloying process helps protect the coin from dents and warping, making it more robust for handling and long-term storage.

By maintaining high standards of purity while ensuring physical resilience, the American Gold Eagle coin remains one of the most popular choices among gold investors worldwide.

Characteristics of a Canadian Maple Leaf Gold Bullion Coin

The Canadian Maple Leaf gold bullion coin is a hallmark of quality and craftsmanship. Here’s what you need to know about its defining features:

• Purity and Weight: Each coin is crafted from .9999 pure gold, showcasing its superior fineness. It weighs exactly 31.1 grams, which is equivalent to one troy ounce—a standard unit of measure in the bullion market.
• Design: The coin boasts a classic design with a prominent maple leaf on one side, symbolizing Canada’s national identity. The other side typically features an effigy of Queen Elizabeth II, reflecting its status as a sovereign coin.
• Precision: Both government and private mints often err on the side of caution by adding a bit more gold than the specified weight, sometimes resulting in one or two extra grams. This ensures that each coin meets or exceeds its stated weight, adding to its value and appeal.
• Popularity and Trust: Due to its recognized purity and established reputation, the Canadian Maple Leaf is favored among investors and collectors alike. It’s a reliable choice for those looking to invest in gold bullion.

By understanding these characteristics, you can appreciate why the Canadian Maple Leaf coin is a preferred option for gold investors worldwide.

What Are Some of the Top Gold and Silver Investments?

Investing in precious metals like gold and silver can be a smart way to diversify your portfolio. Let’s explore some of the top investments in these metals to consider.

Gold Investment Options

1. Gold Bullion Coins
   Gold coins are a popular choice for investors. They are easy to store and are recognized globally. Coins like the American Eagle and Canadian Maple Leaf are notable for their purity and weight.
2. Gold Bars
   Investing in gold bars is often seen as cost-effective for those looking to purchase larger quantities of gold. Bars come with lower premiums compared to coins. They range in size from one gram to several kilograms.
3. Gold ETFs (Exchange-Traded Funds)
   Gold ETFs offer a way to invest in gold without physically holding the metal. They closely track the price of gold and can be traded like stocks, providing liquidity and ease of access.
4. Gold Mining Stocks
   For those willing to take on more risk, investing in stocks of gold mining companies can be lucrative. These stocks can offer dividends and potentially higher returns than direct gold investments.
5. Gold Futures and Options
   These are more advanced financial products for investors who wish to speculate on the future price of gold. They require a greater understanding of the market and involve higher risk.

6. Understanding Popular Gold Bullion Coin Weights and Measures

   When exploring the world of gold bullion coins, it’s important to note the standard measurements used to assess value and purity. Here’s a rundown of common weights and details that can guide your investment choices:

   Troy Ounce Standard

   Most gold bullion coins, like the renowned Canadian Maple Leaf, are measured in troy ounces. One troy ounce equals 31.1 grams of pure gold. Interestingly, minting processes often result in coins that slightly exceed this weight, occasionally including an extra gram or two of gold.

   Importance of Markings

   Authentic gold bullion items almost always feature markings indicating their weight in troy ounces. This labeling helps assure buyers of the coin’s legitimacy and aids in proper valuation.

   Popular Coin Compositions

   Gold coins vary not only in weight but also in their composition and purity. Two popular coins made from 22-karat gold are the South African Gold Krugerrand and the American Gold Eagle. These coins are particularly famous due to their worldwide circulation and sales volume.

   Durability Enhancements

   Coins like the American Gold Eagle are known for their durability. This particular coin combines gold with small amounts of silver and copper, boosting its resistance to wear such as dents and warping. Despite these additions, the gold purity remains over 91.6%.

   Calculating Gold Content

   For a precise understanding of the gold content in 22-karat coins, you can apply a simple calculation. Multiply the total weight of the coin by its purity (e.g., 33.95 grams multiplied by 0.916667), which results in approximately 31.12 grams of pure gold.

   By grasping these measurements and specifications, you can make informed decisions about gold bullion coins, ensuring you get the most out of your investment.

Silver Investment Options

1. Silver Bullion Coins
   Coins like the American Silver Eagle and the Silver Britannia are popular among silver investors for their beauty and investment-grade quality.
2. Silver Bars
   Similar to gold, silver bars offer a cost-effective way to purchase physical metal. They are available in sizes ranging from one ounce to 100 ounces or more, catering to various investment scales.
3. Silver ETFs
   Silver ETFs provide an easy entry point into silver investing. They allow investors to track silver prices with the convenience of stock trading and are popular for their liquidity.
4. Silver Mining Stocks
   Just like gold, investing in companies that mine silver can be an attractive option. These stocks are influenced by silver prices and can offer growth opportunities when the market is favorable.
5. Silver Futures and Options
   These are speculative instruments that enable strategic investment plays based on price predictions. However, they carry higher risk and are suited to experienced investors.

Investing in gold and silver has a long history of preserving wealth and protecting against inflation. When considering these options, it’s essential to evaluate your risk tolerance, investment goals, and seek professional advice if needed.

What is a Proof Coin?

A proof coin is a special type of coin that stands out for its exceptional quality and detail. Unlike regular coins intended for everyday use, proof coins are primarily crafted for collectors and investors who appreciate their superior finish and limited availability.

Superior Craftsmanship

Proof coins are distinguished by their meticulous production process. They begin as high-quality metal blanks that are carefully hand-polished. The blanks are then struck multiple times with specially prepared dies, resulting in a coin with a mirror-like background and sharp, frosted details. This striking method produces a crisp and detailed appearance, highlighting the coin’s design features.

Collectibility and Value

Due to their exquisite craftsmanship and limited production runs, proof coins are often more sought-after than their standard mint counterparts. Collectors appreciate their beauty and often consider them more prestigious in numismatic circles. Additionally, the limited mintage often increases their rarity, potentially enhancing their value over time.

Packaging and Preservation

To ensure their pristine condition, proof coins are typically presented in protective packaging. This might include capsules, boxes, or certificates of authenticity that highlight their significance. Such packaging helps preserve the coin’s flawless finish and prevents damage from handling or exposure to the environment.

Common Proof Coin Types

• Commemorative Coins: Often issued to celebrate significant events or anniversaries, these proof coins capture important historical moments.
• Investment Coins: Some proof coins, like gold or silver pieces, are crafted specifically for investors who prefer higher-grade legal tender.
• Series and Sets: Proof coins are frequently released as part of thematic series or sets, encouraging collectors to complete a full collection.

In summary, proof coins represent the pinnacle of mint artistry and precision, attracting both collectors and investors alike with their beauty and uniqueness.

What Are the Benefits of Investing in Physical Gold?

Investing in physical gold is a time-tested strategy with numerous advantages. Here’s an in-depth look at why this precious metal continues to draw investor interest.

1. Tangible Asset with Intrinsic Value

Gold is a tangible asset that you can hold and store, making it fundamentally different from stocks or digital currencies. It has intrinsic value since it’s a finite resource used in various applications, from jewelry to technology.

2. Hedge Against Inflation

Historically, gold has proven to be an effective hedge against inflation. While paper money can lose value due to inflationary pressures, gold retains its worth, often increasing in value during economic uncertainty.

3. Portfolio Diversification

Diversifying your investment portfolio with physical gold can reduce risk. Gold often moves independently of stocks and bonds, acting as a stabilizing force in turbulent markets.

4. Safe Haven Asset

During times of geopolitical instability or financial crises, gold is regarded as a “safe haven” investment. Investors often flock to gold to preserve wealth when other assets are losing value.

5. Universal Acceptance

Gold is recognized worldwide and can be bought and sold globally. Its universal acceptance makes it a liquid asset, providing the flexibility for investors to cash out whenever necessary.

6. No Counterparty Risk

Unlike financial instruments such as stocks or bonds, owning physical gold means there is no counterparty risk. You’re not reliant on a third party’s ability to fulfill obligations, offering peace of mind during turbulent economic periods.

7. Potential for Appreciation

While gold prices can fluctuate, the metal has consistently appreciated over the long term. Investors often see gold as a way to preserve wealth and potentially enjoy capital gains.

By considering gold for your investment portfolio, you align yourself with an asset that balances risk and security, with a historical pedigree that has outlasted countless economic cycles.

Frequently Asked Questions About Gold Measurements

What is the difference between a troy ounce and an avoirdupois ounce?

The primary difference lies in their weight. A troy ounce weighs approximately 31.103 grams, while an avoirdupois ounce weighs about 28.35 grams. This distinction is crucial in the precious metals market, where gold is always measured in troy ounces.

How do I know how much my gold is worth?

To determine the worth of your gold, check the current gold price per troy ounce and multiply that by the number of troy ounces you own. For example, if you have 2 troy ounces and the price is $1,800 per ounce, your gold is worth $3,600.

Can I buy gold online?

Yes, many reputable dealers, including Accurate Precious Metals, offer online purchasing options for gold. Before making a purchase, verify the dealer’s credibility and check for shipping costs and return policies.

What types of gold can I invest in?

Investors can choose from various gold products, including gold coins, bars, and bullion. Each option has its benefits, and investors should consider their goals and preferences when deciding which type of gold to buy.

Exploring Gold and Silver Products

For those looking to diversify their portfolio further, there are several specific forms of precious metals available:

• Gold Bars: Ideal for those seeking a tangible asset with substantial value.
• Gold Coins: Popular among collectors and investors for their historical significance and ease of trade.
• Silver Bars: A cost-effective way to invest in silver with larger quantities.
• Silver Coins: Perfect for small-scale investments and those interested in numismatics.

Additionally, investors can explore other precious metals:

• Platinum Bars and Platinum Coins: These offer a unique investment opportunity in a less common precious metal.
• Palladium Bars: Known for its industrial applications, offering a different angle to precious metal investment.

This diverse array of options allows investors to tailor their investments to match their financial goals and interests, whether they’re looking for tangible assets or portfolio diversification.

Is gold a good investment?

Gold has historically been considered a safe-haven asset, especially during economic uncertainty. While it can be a good investment, it’s essential to conduct thorough research and consider your financial goals before investing in gold.

Pros of Investing in Gold:

• Hedge Against Inflation: Gold often retains its value over time, making it a popular choice for those looking to protect their wealth against inflation.
• Diversification: As an asset class, gold can diversify a portfolio, reducing overall risk because it typically moves inversely to stocks and other financial instruments.

Cons of Investing in Gold:

• No Passive Income: Unlike stocks or bonds, gold does not generate dividends or interest, which could be a downside for income-focused investors.
• Market Volatility: The price of gold can be volatile, influenced by geopolitical events and changes in currency values, which can pose risks to short-term investors.

Investment Options:

1. Physical Gold: Buying gold bullion or coins is a tangible way to own gold, though it requires secure storage and insurance.
2. Gold ETFs: These offer a convenient way to invest in gold without the need to physically store it, and they can be easily traded like stocks.
3. Mining Stocks: Investing in companies that mine gold can offer leveraged exposure to gold prices but carries additional risks related to the company’s performance.

Expert Insights:

Financial experts often recommend allocating a small percentage of a diversified portfolio to gold. This allocation can help mitigate risks during turbulent economic times.

When considering gold as part of your investment strategy, evaluate your financial goals and risk tolerance. Understanding these factors will guide you in determining whether gold is a suitable investment for you.

Summary of Key Points

• One troy ounce of gold equals approximately 31.103 grams.
• The current gold price fluctuates based on market conditions and should be monitored regularly.
• Gold is primarily measured in troy ounces, which differ from standard ounces.
• Understanding how to convert ounces to grams can help manage gold investments effectively.
• Buying gold requires research and awareness of reputable dealers to ensure fair pricing.

Sources

• Gold Price. (n.d.). Gold Price. Retrieved from https://www.goldprice.org
• Investopedia. (2023). Understanding Gold Pricing. Retrieved from https://www.investopedia.com/
• U.S. Geological Survey. (2023). Gold Statistics and Information. Retrieved from https://www.usgs.gov/centers/nmic/gold-statistics-and-information