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Education
Our newest member, the Western Australian School of Mines’ Alumni (WASMA), hosted a lunch at Kings Park last month to recognise the 2017 WASM graduates.
More than 50 industry and government representatives were in attendance to congratulate the 44 graduates in the core disciplines of Mining Engineering, Geology, Metallurgy and Surveying.
When you are thinking of buying gold the first thing you should consider is where you are going to store your gold, as it affects what form of gold you may buy as well as who to buy it from.
There are three main ways to store gold.
In 1896, if you opened the door of Boulder Block Hotel and stepped inside, would you expect to find gold?
Yes, there is a story to be told about the secret goings-on at the Boulder Block Hotel. The underground miners of The Golden Mile were “on the gold”, and some of them were said to be selling the gold on the sly at the infamous pub before the whistle blew for the end of shift.
“Fly Flat” doesn’t sound like a prestigious or auspicious name for a place that started a gold rush boom. But on the outskirts of Coolgardie in Western Australia, the flat country with sparse gum trees was rich with alluvial gold, and changed the fortunes of a nation.
In 1892, two prospectors, Arthur Bayley and William Ford found over five hundred ounces of gold at Fly Flat. At today’s gold price, the horde would be valued at over half a million dollars.
One question we are often asked at ABC Bullion is; how much gold or silver should I hold in my portfolio?
Discover some of the factors and options according to Chief Economist Jordan Eliseo.
Gold has retained a hallowed place in the history of the Australian resources sector and beyond for generations, and its central part in Western Australia’s past is both colourful and fascinating. However, the story is far from over, and the importance of this rarest of precious metals in today’s economy can be seen when, at this year’s Diggers and Dealers Mining Forum in Kalgoorlie, almost 60% of the program of speakers comprised presentations by gold producers, explorers, prospectors or suppliers.
A research project with new member Deloitte was announced recently at the Gold Industry Group’s (GIG) Annual General Meeting in support of 2017 initiatives to educate the community, connect the industry and promote gold across Australia.
“This research will show the importance of gold to our economy and our communities – particularly regional communities for whom gold mining is their primary source of commercial activity,” Matt said.
Discover the eight reasons why Australian investors should consider including physical gold in their investment portfolio. Here is number 2.
2. Gold is a natural holding in low “real” interest rate environments
The Gold Industry Group was delighted to elect Gold Fields Vice President of Compliance & Legal Kelly Carter to the position of Vice Chair along with the re-election of current Board members.
Chairman Richard Hayes opened the GIG's second Annual General Meeting with a summary of the Group's first year of activities and welcomed new members Deloitte and Impact Minerals.
The Gold Industry Group will launch its #heartofgold Discovery Trail next year in Perth, providing a fun and interactive way for the community to connect with the importance and history of gold, which remains at the heart of our nation today.
This long-term community engagement initiative will engage millions of students, families and tourists alike. Here is a sneak peak of what you will find.
The Gold Industry Group recently spoke with Norton Gold Fields Geologist Angela Spencer about how they are supporting smaller mining companies through Toll Treatment which benefits the wider community.
In the last big bull market in gold in the 1970s, buying gold was straightforward with only a few options to choose from.
Today, investors are spoilt for choice, making the decision a lot more complex and confusing.
Soa (The Hulk) Palelei gave two motivational speeches to children and adults at the Meekatharra Youth Expo thanks to the support of Doray Minerals Ltd, Mission Australia, the Department of Premier & Cabinet and the Meekatharra Shire.
In its inaugural year, and organised by the Meekatharra Shire, the communities of Wiluna, Meekatharra, Yulga Jinna, Mt Magnet, Cue and Newman were invited to participate in the Youth Expo which informed people of the wide range of within school and post-school options and networking opportunities.
The Gold Industry Group hosted its inaugural Women in Gold event recently at The Perth Mint, attended by more than 300 industry professionals.
Headline speaker Gold Fields Australia Vice President of Legal and Compliance Kelly Carter discussed the current challenges and opportunities for the mining sector.
The Gold Industry Group will be hosting its inaugural event to recognise and promote women in gold this Friday night at The Perth Mint. The Women in Gold Sundowner has generated significant interest attracting more than 300 members and industry colleagues..
The gold industry is very particular when it comes to measuring gold, which is not surprising considering how valuable it is relative to its size.
While many countries moved to metric system, the precious metals industry globally continued to use the historic troy ounce as its basic unit of measure. If you think it is an unfair advantage for countries that didn’t change, like the USA, you would be wrong as a troy ounce is not the same as an ounce – is it actually heavier. It is its own unique measurement unit.
Despite the fact it is produced around the world, and purchased by a diverse range of investors all over the globe, trading in the wholesale physical gold market is still centered in London.
The London Bullion Market Association (LBMA) is an international trade association, representing the London market for gold and silver bullion. It was set up in 1987 by the Bank of England (BoE), which was the bullion market regulator at the time.
Last month the Gold Industry Group attended ABC Bullion’s sold out seminar; “The New Bull Market in Precious Metals”. It was evident gold is in focus as more than 600 investors, finance professionals and media filled the Ivy Ballroom in Sydney.
Key-note speakers were Evolution Mining Executive Chairman Jake Klein and Cor Capital Executive Director Tom Rachcoff.
Why is money like oxygen? There is a lot of it around, and we use it all the time. Like oxygen, not surprisingly, we end up taking it for granted.
Find out the role of gold as a monetary asset and why it has been well understood across the centuries.
Diggers & Dealers was a buzz this year bringing a touch of gold fever to Kalgoorlie with close to 60% of the program made up of gold presenters and a number of deals made.
Here are some of the Gold Industry Group’s highlights from the 25th year of Diggers.
