Long before gold bullion and proof coins reach the U.S. Money Reserve vault, the ore they are made from goes through an extensive process of mining, refining, and minting. Let's take a closer look at the transformation gold or undergo phase before becoming an integral part of someone's financial portfolio.
Step one: mining. A majority of the world's gold or is found in mines that span the globe. Some of the most productive mines are located in South Africa, Australia, Indonesia and even regions of the U.S., according to BBC News. Untouched, large gold deposits are rarely found today, making long standing mines that have been in production for many years the primary source of ore.
Step two: refining. James Chen from Investopedia states that once gold ore, a compound of mineralized rock in gold, is detected in a specific mine, the miners unearth it and then specialists, chemically or thermally, separate the precious metal from the rock. The bullion extracted from the ore is called parted bullion if it contains only gold, while bullion of multiple metals is labeled unparted bullion. Once the gold has been refined, it's time for the parted bullion to head to the mint.
Step three: minting. The final step in the process is the minting of the coins. According to the U.S. Mint, coin blanks are made from sheets of pure gold. A blanking press punches out rounds of the correct thickness known as planchets. The planchets are then given a raised rim and sent to the striking press, where the final design is stamped onto the coin. These presses can strike with a force of up to 540 tons, depending on the coin's motif. These quality controlled minted coins are then acquired by U.S. Money Reserve, ready to become a part of a well-diversified financial portfolio.
To learn more about how you can diversify your portfolio with gold, call the number on your screen or click the link below. As America's Gold Authority, U.S. Money Reserve is here to help you every step of the way. Check out the Did You Know playlist on our YouTube page to see more interesting videos about gold and silver.
