The demand for gold today continues to be steady. This is because this particular type of metal has many commercial uses since it is fashioned into jewellery. In terms of finance, gold is used to manage risk in financial portfolios and to protect the wealth of many. It also has various uses in different pieces of technology such as in high-end smartphones.
But where do all gold come from? They come from various parts of the world, of course. Below are the top gold-producing countries in the world:
China. The latest figures show that China has produced 355,000 kilograms of gold. This country is also the number one consumer of gold as well. Shandong, a province located between Beijing and Shanghai, has the largest numbers of mines in this country.
Australia. This country has yielded 270,000 kilograms of gold so far. Two-thirds of this figure come from mines in Western Australia, based out of Perth. The Golden Mile, the largest open local mine, leads the nation in production of this valuable export, earns Australia $14 billion per year.
The United States of America. The current survey shows that the USA managed to produce 237,000 kilograms of gold. Nevada is home to the majority of the mines but many gold bars and other by-products sit in vaults under New York City, Fort Knox, and other well-guarded areas.
Info source: www.tradegoldonline.com
But where do all gold come from? They come from various parts of the world, of course. Below are the top gold-producing countries in the world:
China. The latest figures show that China has produced 355,000 kilograms of gold. This country is also the number one consumer of gold as well. Shandong, a province located between Beijing and Shanghai, has the largest numbers of mines in this country.
Australia. This country has yielded 270,000 kilograms of gold so far. Two-thirds of this figure come from mines in Western Australia, based out of Perth. The Golden Mile, the largest open local mine, leads the nation in production of this valuable export, earns Australia $14 billion per year.
The United States of America. The current survey shows that the USA managed to produce 237,000 kilograms of gold. Nevada is home to the majority of the mines but many gold bars and other by-products sit in vaults under New York City, Fort Knox, and other well-guarded areas.
Info source: www.tradegoldonline.com
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