| European Gold |
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| Written by Kathryn Smith |
| Monday, 17 May 2010 22:31 |
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Gold is a precious metal that has been around us for years. It is considered a great asset to own and also an important element in our lives and in our economies.
Gold is a precious metal that has been around us for years. It is considered a great asset to own and also an important element in our lives and in our economies. The majority of the European gold is produced in Spain, Finland and Sweden. But new mines have emerged in the mining industry such as those in Turkey and Greece. The mines in France have nearly exhausted all the precious metals reserves this is why they are set to close in the near future. Mining in the Old continent has begun a very long time ago. The Romans were the ones that have invented the hydraulic method of mining precious metals such as gold and silver. The water was used to carry out the rock and other debris. The massive amounts of water were designed to cut open the ground and expose the bedrock and the gold veins that might have been there. The hydraulic method was developed by the Romans in Spain in 25 AD in order extract the large quantities of gold that were found there. The largest site in Spain at that time was Las Medullas. In order to gather the necessary water to complete the mining, seven aqueducts were built to tap local rivers. Another place where mining began from early years is Britain. But as soon as the Romans came, the mining process changed completely. Due to their greed for gold, the Romans fastly discovered that Britain was full of precious metal such as gold, silver, lead and tin and started exhausting the local reserve. Gold is and will be one of the most appreciated and desired assets. The precious metal is and will be a great asset to own. In our days, the financial turmoil, the inflation and the continuous fluctuations in paper currencies have pushed people into investing in gold. Everybody knows that the yellow metal is the best hedge against inflation. This is why it is good to invest in it. DISCLAIMER: This article is provided as information only and is not to be taken as financial advice. Learn from professionals how to buy gold in times of recession. |