The World’s Greatest Gold Mines

The world’s economy is unstable, and we believe that the U.S. is on the verge of another major financial collapse similar to the Great Depression of the 1930s. Simply saving more won’t be enough to protect your financial health in such an event. Instead, you need to choose stable investments that can weather even great financial turbulence.

Gold is one of the best long-term investment choices. Even though its value may fluctuate in the short term, it always grows in value in the long term.

Knowing the largest suppliers of gold can help you to keep an eye on changes that could influence the value of your gold. For example, if there is a catastrophe at one of the biggest gold mines, you might see a drop in prices. This is the kind of information that can help you take greater control over your investing strategy.

Here are a few of the world’s greatest gold mines:

Grasberg

This mine in Papua, Indonesia contains about 106 million ounces of gold. The open pit has a crater that’s more than a mile wide, but operations continue underground. The mine is located about 14,000 miles high in the mountains, so it’s one that thieves won’t easily reach.

Grasberg is also a large producer of copper. In fact, the mine producer more copper by value than it does gold.

South Deep

Located near Johannesburg in South Africa, this mine contains 81 million ounces of gold. Its operations are deep underground in the Witwatersrand Basin. The mine produced only 273,000 ounces of gold in 2012, but it has been increasing rapidly. Next year, it is expected to put out 770,000 ounces of gold.

Despite its prolific output, this mine isn’t expected to deplete its resources any time soon. Officials expect it to keep producing through the year 2080.

Muruntau

Muruntau has the largest open pit gold mine in the world. It is located in the Kyzyl Kum Desert in Uzbekistan, and its pit measures just over 2 miles wide. Its deposits are estimated at 50 million ounces of gold, but the exact amount has not been verified because its owner, the Uzbek government, has not been forthcoming with details.

Olympiada

Located in Russia’s gold bearing region, Olympiada is a major open pit mine in central Siberia. It was found in 1970, but production did not begin until 1996. The mine contains 47.5 million ounces of gold, and it is the country’s largest producer of gold. Russia is also the fourth largest producer of gold in the world. Therefore, the mine put out 9 percent of the world’s gold in 2012.

The happenings of these mines can affect gold prices all the way in Arizona. At Arrowhead Coin and Jewelry, we stay abreast of the latest gold news to ensure the best prices when you are in the market to buy gold or sell gold. Stop by our Arizona shop today to buy gold to add to your portfolio or to sell gold to raise the capital for new investments.

Published By:

Arrowhead Coin and Jewelry – Jeff Wuller

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