Business

This Giant Infographic Tells You Everything You Need to Know About Gold

Visual Capitalists (via Business Insider), an organization that creates “visualizations to educate and empower this generation to make sound investment decisions and manage our global resources responsibly,” has been working on a “Gold Series.” It’s a four-part installment of infographics covering the history, mining and supply, uses and demand, and investments of gold.

(Related: Gold diggers: Prospecting on the rise across America)

So far, two parts of the series have been released. Check them out below.

The History of Gold (Part 1)

Visual Capitalists Creates Infographic Series to Describe History, Mining, Demand and More About Gold

The Gold Series: Mining and Supply (Part 2)
Visual Capitalists Creates Infographic Series to Describe History, Mining, Demand and More About Gold

Find more of Visual Capitalists graphics here.

Comments (46)

1 2
  • flatbroke
    Posted on July 7, 2012 at 5:00pm

    If you cant buy coins buy gold jewerly, and silver is still cheap.

    Report Post » flatbroke  
  • Rijkstra
    Posted on July 7, 2012 at 4:25pm

    The 1896 Klondike gold rush was in the Yukon, BC? Some chartmaker needs a lesson in Canadian geography.

    Report Post » Rijkstra  
  • sewcom
    Posted on July 7, 2012 at 3:22pm

    Let me see if I’ve got this straight, we hire prostititions and pay them in gold to tell us:
    How much gold we have to pay them,
    What we can and can’t eat,
    What we can and can’t drink,
    How much we can weigh,
    What clothes we can and can’t wear,
    Where we can and can’t live,
    What we can and can’t read,
    What we can and can’t drive,
    How much gold we can and can’t keep,
    Where we can and can’t travel,
    Who we can and can’t marry,
    What medicines we can and can’t use,
    What kind of sex we can and can’t have,
    So we locate,mine, process and transport gold to pay other people to control everything we can and can’t do.

    Report Post »  
  • Redistributor
    Posted on July 7, 2012 at 2:06pm

    yeah but it overpriced.

    Report Post »  
  • Occupy_The_Blaze_FORWARD2012
    Posted on July 7, 2012 at 12:45pm

    buy overpriced goldine from Glenn Blech, Suckers!

    Report Post » Occupy_The_Blaze_FORWARD2012  
  • All Pro
    Posted on July 7, 2012 at 11:36am

    The moral of the story;
    The founding fathers were right.
    Ron IS right.
    Peter Shiff IS right.

    Section 8 – Powers of Congress
    To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;

    Section 10 – Powers prohibited of States
    No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.

    The ONLY constitutionally legal tender in the United States of America is gold and silver coin.

    Report Post » All Pro  
  • Penn
    Posted on July 7, 2012 at 7:46am

    In 1886, a skilled carpenter made about $2/day. In 1900, the top wage was about $5/day. Gold was fixed at $20.12. So a skilled carpenter made about 1.25 oz of gold a week. Tranlate those numbers today with gold at $1,600/oz, a top skilled carpenter would be making about $2,000/week. Seems like the more things change the more they stay the same.

    Report Post »  
  • Temporal
    Posted on July 7, 2012 at 7:23am

    If you consult the price charts, you’ll see in times of greatest financial turmoil, the price of gold falls (see the 2008-2009 crash). That’s because folks have to monetize gold to cover other losses, pay debts, etc. That‘s not to say gold isn’t important, but its value doesn’t always go up in times of crisis.

    Also, gold doesn’t produce any income. As Warren Buffet points out, if you owned every ounce of gold in the world or an equal amount in quality companies, you’ll be twenty times (2000%) wealthier in 20 years. Imagine owning all of Coke‘s profits and all of IBM’s profits and how that would compound in very short order.

    Report Post »  
    • historyguy48
      Posted on July 7, 2012 at 7:39am

      Comrde, you should definitely invest in the stock market! I’s far safer and will protect your most valuable paper asset better than a bank. Of course, like gold, it fluctuates in value. Oh I forgot, gold doesn’t fluctuate in value, the toilet paper you are giving for the gold is what fluctuates in value.
      The amount of goods a 1/4 oz gold coin could purchase in the 17th century is the same amount of goods an equal amount of gold would purcase today! So, whatever you do, don’t spend any of your precious toilet paper on gold, it’s a truly lousy investment
      Now Comrade my stock tip of the day. Bet the farm on green energy by purchasing shares of Solyindra! Be sure to pack your clothes and a toothbrush before you do that though! I hear that hedge funds have been making another truly insane purchase; farmland!
      Oh yes, comrade I must mention that your lousy toilet paper investment into gold will probably be confiscated in the near future by Dear Leader in one of his attempts to protect you from yourself!

      Report Post » historyguy48  
    • 65Plus
      Posted on July 7, 2012 at 9:28am

      The 2008-2009 price decline was a result of hedge funds having to liquidate. During the Pol Pot years of Cambodia and after when there was no government at all and massive famine everywhere, one ounce of gold would buy over one metric ton of rice, enough to feed a family of four for almost two years. A one year 2008-2009 analysis is not sufficient to make any long term conclusions.

      Report Post » 65Plus  
  • 80mesh
    Posted on July 7, 2012 at 6:42am

    i know how to find it na nana na nana

    Report Post » 80mesh  
  • PatrickofAtlantis
    Posted on July 7, 2012 at 5:46am

    A small correction: Ferdinand was King in the 15th and 16th century, not the 14th.

    Report Post » PatrickofAtlantis  
  • StopLyingToMe
    Posted on July 7, 2012 at 2:09am

    I’m still trying to understand how owning gold is going to help me when things go to heck. Same with the “food banks” where I send them money today, and they promise to send me food when the food shortages strike. Really? I bet instead, the people who work at the food bank will have the food, AND will have already spent my money. I agree with others here, I’ll invest in cold steel, lead and powder, and stock up my own food supplies, etc. If things get so bad the dollar is worthless, I’m not sure who would still be accepting gold in trade for “stuff” I actually need like food and medicine.

    Report Post »  
  • SanDiegoCountyCitizen
    Posted on July 7, 2012 at 12:57am

    Lead, Brass and Powder are my investment currency, and investments have been good!

    Report Post » SanDiegoCountyCitizen  
  • 1casawizard
    Posted on July 6, 2012 at 11:48pm

    This sounds like an infomercial from someone. The prediction of future price must be going down.

    Report Post » 1casawizard  
  • Boomer52
    Posted on July 6, 2012 at 11:30pm

    Two things…an old and wise guy once said ” An oz of gold will buy..a GOOD suit or a saddle.” think about it. 2 Obamacare states when you buy gold the seller MUST report the sale to the Feds.
    MMMMMMMMMM wonder why??

    Report Post »  
  • Pontiac
    Posted on July 6, 2012 at 11:14pm

    What 1 trillion US dollars looks like…
    http://i50.tinypic.com/10ercpl.gif

    Report Post » Pontiac  
  • montana-bill
    Posted on July 6, 2012 at 10:57pm

    An ounce of gold today will buy almost twice as much gasoline as it would ten years ago. With high cattle prices today I can trade one cow- calf pair for an ounce of gold. Ten years ago with cheap cattle prices I could trade a pair for three ounces of gold. Our dollar has shrunk and that is why you just can’t get ahead even tho you think you are gaining.

    Report Post »  
  • Joisey
    Posted on July 6, 2012 at 10:39pm

    Brass and lead are fine, you can use it to create deer meat. Then you can sell that deer meat for…..GOLD

    Report Post » Joisey  
  • MODEL82A1
    Posted on July 6, 2012 at 10:22pm

    If that’s all you know about gold, then buy all you can. You deserve it.

    Report Post » MODEL82A1  
    • lukerw
      Posted on July 6, 2012 at 11:23pm

      Sometimes…. being an Expert… is a Detriment! Public perception is the Key to Reality!

      Report Post » lukerw  
  • cemerius
    Posted on July 6, 2012 at 10:21pm

    Tells you everything but how to afford to buy it….even when it was 400 dollars an ounce in 2001 I was only able to dream……I prefer to put my stock in brass and lead……

    Report Post » cemerius  
  • RamonPreston
    Posted on July 6, 2012 at 9:40pm

    This is all I need to know about gold: You can’t eat it (NO nutritional value) and it’s useless when the store shelves are empty.

    Report Post » RamonPreston  
    • Psychosis
      Posted on July 6, 2012 at 10:28pm

      i like people like you

      makes making money easier

      Report Post » Psychosis  
    • MODEL82A1
      Posted on July 6, 2012 at 10:42pm

      PSYCH, If things ever devolve to the point to which you and RAMON refer, there will only be one currency, .50 Cal. rounds. And I have more than you all. Meantime, some of us are still earning money in what remains of the free market.

      Report Post » MODEL82A1  
    • Obama_Sham
      Posted on July 6, 2012 at 10:53pm

      50 cal rounds… Such a waste of money…

      Report Post » Obama_Sham  
    • 65Plus
      Posted on July 7, 2012 at 9:34am

      During the Cambodian starvation debacle, one ounce of gold would buy over a metric tone of rice, enough to feed a family of four for almost two years.

      Report Post » 65Plus  
  • Optimist4now
    Posted on July 6, 2012 at 9:22pm

    Come for my gold, but recieve my donation of lead and brass first.

    Report Post »  
  • The_Almighty_Creestof
    Posted on July 6, 2012 at 9:20pm

    Question (since I’m not a genius)…what happens to the value of the gold you physically own if/when the market crashes and those who own gold only on paper, sell it for whatever they can get to keep from being wiped out?

    I would think the value of gold on paper is tied into the value of physical gold and would therefore drive the price down during a panic sell off.

    As far as “crash” goes, I’m referring to something a good deal worse than 2008.

    Thanks in advance for your response!

    Report Post »  
    • 82dAirborne
      Posted on July 6, 2012 at 9:48pm

      If you own “paper gold” you own paper and the promise of some company. A share of stock more or less. Market tanks….. you can wipe your butt with the paper. If you own the actual gold? You have real value.

      Report Post » 82dAirborne  
    • chips1
      Posted on July 6, 2012 at 9:58pm

      I’m just as lost as you. It seems to me that if I own 1 oz of gold in my safe and someone else owns 100 oz of gold on paper he owns nothing unless I give him some of mine. Never happen. Sounds right, but is probably wrong.

      Report Post »  
    • guitarspook
      Posted on July 6, 2012 at 10:31pm

      The same as real gold. Your ETF purchases (not a stock) typically represents a contract between you and a broker for (X)ounces of gold. “It works like this, the Gold ETF fund will purchase a large amount of gold, maintaining the physical metal in storage. They will then issue shares in baskets, the idea here being that the value of the shares will increase with the price of gold bullion. If the price of gold goes up by 10%, then individual shares would increase in value by the same 10%.” Essentially it is the same as owning the real thing. If your paper gold becomes toilet paper, those owning the tangible stuff will have paper weights. If (when) the market crashes that bad, gold will crash with it, but will rebound while everything else smolders. Paper is just fine and BTW, you dont pay the labor and mark up from goldline or whoever…you just pay for the spot gold price. The only downside to owning an ETF over tangible is if the government shuts down the market which happens in major crashes, you can’t access your gold. However, the feds can and have gone after the hoarders as well…

      http://www.etfgold.net/

      Report Post »  
    • Obama_Sham
      Posted on July 6, 2012 at 10:56pm

      Ya… Keep thinking that if the market completely tanks that some contract between you and a broker and or company XYZ is going to be fulfilled… If you are one that wants to own gold, then own the real thing, not paper…

      Report Post » Obama_Sham  
    • Chet Hempstead
      Posted on July 7, 2012 at 12:49am

      Obama_Sham
      A market crash will not invalidate your ownership of commodities. That would take a complete collapse of the entire economic system. If that happened, there would be nobody to buy your physical gold to either, and, at least in the short run, the most valuable commodities would be salt, beans, and ammo.

      Report Post »  
    • Altair
      Posted on July 7, 2012 at 7:24pm

      The same as real gold. Your ETF purchases (not a stock) typically represents a contract between you and a broker for (X)ounces of gold.
      ***************************************

      Wanna buy some beachfront property in Arizona ? So many scams involving paper gold and silver have already been uncovered, I’m surprised anyone falls for it now. An ounce of “electronic” gold or silver is sold up to seven times to seven different people, with the scamming bank hoping to hell they don’t ask for their physical metal anytime soon.

      Report Post »  
    • Obama_Sham
      Posted on July 7, 2012 at 11:41pm

      Ok Chet… You go ahead and buy all the paper gold you want… I mean, there is no way that contracts can be invalidated… I am sure glad that the contract GM had with its bond and share holders was upheld… Get the picture? It may not take a complete collapse of the economy for those contracts to become null and void…

      Report Post » Obama_Sham  
  • Stoic one
    Posted on July 6, 2012 at 9:19pm

    Ok..thank you…..a first grader can now explain this to Washington.

    Report Post » Stoic one  
  • Snowleopard {gallery of cat folks}
    Posted on July 6, 2012 at 9:13pm

    All too soon Obama will do this simple equation for the American owned gold (except for his cronies of course): “Give it to us or we use force…”

    Report Post » Snowleopard {gallery of cat folks}  
  • soybomb315
    Posted on July 6, 2012 at 9:09pm

    what is this – more ron paul propaganda?
    LOL

    the hypocrisy is out of control

    Report Post » soybomb315  
    • Mutiny
      Posted on July 6, 2012 at 10:38pm

      Honestly, half the stories on the Blaze lately have just been proving Ron Paul has been right over and over again.

      Report Post » Mutiny  
    • MODEL82A1
      Posted on July 6, 2012 at 10:47pm

      MUTINY,
      To folks like you, EVERYTHING proves to you that your perception of Dr. Paul has been validated. Please, show the courage of your conviction and leave the gutted husk of America now. See ya.

      Report Post » MODEL82A1  
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