Gold Mining

Gold and Silver Buyers

Little Known Facts about Gold and Silver

Did you Know??

  1. The term “gold” is the from the Proto-Indo-Europeanbase ghel / ghol meaning “yellow”, “green”, or possibly “bright”.
  2. The chemical symbol for gold is AU, from the Latin word aurum meaning “shining dawn” and from Aurora, the Roman goddess of the dawn. In 50 B.C., Romans began issuing gold coins called the Aureus and the smaller solidus.
  3. Did you know that Gold melts at 1064.43° Centigrade. It can conduct both heat and electricity and it never rusts.
  4. Did you know that all the gold ever mined by man since the dawn of time would fit into 2 olympic swimming pools.
  5. Did you know that the biggest miner and producer of gold is now China, overtaking South Africa, which has for years been the world leader of Diamond and Gold mining.
  6. Did you know that in terms of raw material there is about twenty times more silver than gold, but in terms of metal reserves Gold globally has about 1.2 billion ounces where as silver only has about 200 million ounces.
  7. Gold has always been admired by humans and its use can be traced as far back as the bronze age 5000 years ago.

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Gold Prospecting On The Rise In Alaska

As reported yesterday by the New Zealand Herald, the rising price of gold has increased interest in gold mining in Alaska.

A gold rush (like Alaska saw a century ago) is unlikely as most people would be put off by the amount of work, time and money needed to produce significant amounts of gold.  People can spend hours gold prospecting (which is back-breaking labour) with only a few gold flakes to show for it.

That said, there are some hardy gold miners for who a tiny bit of gold is more than enough to keep going.  Bill Dunleavy has been gold prospecting in Alaska for 46 years and found this enormous, 5 ounce gold nugget in the early 1990s.

Soon after he found the gold nugget someone offered to buy it for $20,000, but he refused.  Who knows how much the gold nugget would fetch nowadays?

In the past 20 years, 180 million ounces of gold has been discovered in Alaska with a possibility of more gold.  Recently the number of gold claims being bought is up, the number of smaller gold mining operations has increased and two major gold mining projects are underway in southwest Alaska.

If you happen to be holidaying in Alaska and find a nugget like Bill Dunleavy’s, come into EzyCash Gold Buyers when you return to New Zealand for a top cash price.  We also pay top cash prices for any unwanted gold, silver, diamonds and luxury watches.


Make Your Fortune by Panning for Gold then Get Cash for Gold From Us!

It’s a great time to be selling gold right now – the price of gold is very high and doesn’t look like dropping.  Get cash for gold at EzyCash Gold Buyers – cash for unwanted gold, broken gold, gold bullion, gold jewellery as well as cash for gold nuggets.  You may have this kind of gold at home or, you could go out and find it yourself……by panning for gold.

Gold in New Zealand was first discovered in the 1830s in the Coromandel but we didn’t get on the gold-mining map until the 1850s and 60s with a big gold discovery in Otago.

Much of the gold was in hard rock but some gold could be found in river gravel.  That’s why so many men flocked to New Zealand at that time to try and make their fortune with gold – all they needed to pan gold was a pick, a shovel and a gold pan.

And, believe it or not, there is still some gold left.  The bulk of the gold has gone (the gold rush in the 1860s and 70s took care of that) but you never know, you could stumble across an untapped piece of river, strike it lucky and get enough cash for your gold to retire.

So, how do you pan for gold?  It takes a little practice, but panning for gold is a fairly simple process.  Continue reading

Mining Gold and Silver isn’t an Easy Job

Prices for silver have reached record levels in the past year which is why it’s an excellent time to bring your silver into EzyCash Gold Buyers of Panmure, Auckland.  EzyCash Gold Buyers always pay top cash prices for silver jewellery, silver coins, silver bullion, broken silver and scrap silver.

In April last year the price of silver peaked at US$49 a troy ounce.  Currently the spot price of a troy kilo of silver is around NZ$1214 – an increase in the silver price of over 100% cent in the past five years.

This increase in the price of silver is due to a shrinking supply of silver around the world.  And this silver supply is set to shrink slightly further due to an announcement by the Mining Health and Safety Administration in the US.  The Administration has ordered the temporary closure of the silver shaft at the Lucky Friday silver mine in Mullan, Idaho.

The silver mine, owned by Hecla Mining Company, will be closed for maintenance and cleaning until early 2013.  Over time, sand and concrete material has built up in the silver mine and must be removed by power cleaning to prevent future hazards. Continue reading

One nation’s love for gold

EzyCash Gold Buyers buys scrap gold, broken gold and unwanted gold for a top cash price.  Bring your gold into EzyCash Gold Buyers in Panmure, Auckland for an expert valuation on your gold.

EzyCash Gold Buyers specialise in buying 22 carat gold.  22 carat gold has special significance in India– the world’s biggest consumer of gold.

The carat weight of a piece of gold refers to how much pure gold is present in the gold.  A piece of gold that is 99.9% pure gold is referred to as 24 carat gold.

In India, 22 carat gold is seen as the most pure form of gold available.   This was first acknowledged in the late 1980s and refers to the fact that pure gold loses some of its purity after melting, leaving it at 91.67% pure gold, or 22 carats.

India has a long standing relationship with gold.  In Western countries it’s often a dream to own your own home, but in Indian culture it’s a dream to own gold. Continue reading

EzyCash Gold Buyers
Phone: (09) 570 1511
Fax: (09) 570 1527

30B Jellicoe Road
Panmure, Auckland East