The origin of gold bullion (according to recent scientific discoveries) begins with violently imploding stars or colliding twin neutron star supernovae.
In this rare yet most violent event we know of, massive amounts of dense, precious metals are formed and eventually traverse across space on asteroids until ultimately forming into and or colliding with planets.
In other words, many billions of years ago, gold laced asteroids infused the Earth's mantel and crust with various precious metals like gold.
Where Does Gold Come From?
Where is Gold formed and found?
Physical gold gets mined on every continent other than Antartica.
On Earth, the most substantial amounts of gold ore are spread about and found in the various oceans - but extracting gold under and from seawater is not yet profitable or feasible.
There are currently about 190,000 tonnes of physical gold in the world, just over 6.1 billion troy ounces.
That is just about 0.8 troy ounces of physical gold for every human being alive today. In terms of today's fluctuating gold price, the value of the world's physical gold supply is around $8 trillion in fiat US dollar value total.
One tonne of gold is equivalent to 32,150.7 troy ounces of gold. Here you can see what a ton of gold looks like in real life and how to calculate its ongoing value.
In terms of national gold mining outputs, China was the largest producer of gold in the world in 2016 (and has been the largest miner of gold for many years in a row now). Chinese gold mining accounted for around 14% of total global physical gold production for the year 2016.
What is Gold used for?
For about 6,000 years now, human beings have mined gold for uses such as adornment, long term savings, or for industrial uses (e.g. technological, medicinal, and scientific applications).
About one-half of all new line gold supplies get used in gold jewelry and adornment.
A bullion buyer years before the 2008 Global Financial Crisis, James Anderson is a grounded precious metals researcher, content creator, and physical investment grade bullion professional. He has authored several Gold & Silver Guides and has been featured on the History Channel, Zero Hedge, Gold-Eagle, Silver Seek, Value Walk and many more. You can pick up Jame's most recent, comprehensive 200+ Page book here at SD Bullion.
Given that repressed commodity values are now near 100-year low level valuations versus large US stocks, James remains convinced investors and savers should buy and maintain a prudent physical bullion position now, before more unfunded promises debase away in the coming decades.