What Do We Know About Brazil And Its Gold Assets? | Uber Articles
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What Do We Know About Brazil And Its Gold Assets?

By Jack Wogan

Did you think that the gold rush should be history by now? Well, think again as it looks like people’s interest in the precious metal is more alive than ever. In all four corners of the world, its qualities, value and beauty make it possible to be bought and sold in many forms and it’s price has even gone with 49 % since 2008. Thus it’s safe for us to say that the chances for gold to lose its position as everybody’s favorite are quite slight.

This huge demand for gold is what keeps mining companies busy. As finding and exploiting new gold assets vital for the industry, the mining industry has no other choice but to expand its frontiers worldwide.

Far from being a recent entry on the mining industry’s map, Brazil is one of the lands where mining companies are engaged in exploitation of gold deposits. The country knew the glory of being the biggest gold producer in the world during the 1800s while it was still a Portuguese colony and its deposits of the yellow metal are ones of the richest and finest in the whole world. But the good times seem to have returned as in 2009 Brazil produced approximately 50 tones of gold, the equivalent of close to 2.9% of this precious metal’s global mining. Having such amazing production figures, the country was ranked as the 14th biggest gold producer in the world.

As encouraging as these data may be, potential investors’ interest might be stirred by some other aspects as well. They might find it useful to know, for instance, that Brazil’s total gold reserves are estimated to have a size of 2.000 tones, which is almost 4.3% of the world’s reserve. These deposits can be mainly found in the states of Minas Gerais (48%), Par (36.9%), Gois (6%), Mato Grosso (3.6%), Bahia (3%) and others (2.5%).

Another reason why Brazil can prove attractive for investors in gold mining is because of it well-developed mining infrastructure, a sector in which the local government is continually investing in order to ensure the growth of the mining industry. In addition, the legislation in the field is quite favorable to mining and the country has a stable government. All these factors, combined with those represented by recent discovery of some new reserves and the high prices of gold on the market, should be convincing enough for anyone planning some mining investment in the area.

As a final conclusion, we can say that Brazil is the perfect place to be for those interested in mining for or trading the gold bullion. They should not forget though that this is not the kind of venture they would want to embark on their own. Upon taking such an important decision, it’s important that they should ask for advice as they learn from specialists in the field how to find their way into this business, even in times of recession.

In times of recession learn from professionals how to buy gold bullion.

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Article Citation
MLA Style Citation:
Wogan, Jack "What Do We Know About Brazil And Its Gold Assets?." What Do We Know About Brazil And Its Gold Assets?. 21 Aug. 2010. uberarticles.com. 12 Apr 2015 <http://uberarticles.com/finance/investments/what-do-we-know-about-brazil-and-its-gold-assets/>.

APA Style Citation:
Wogan, J (2010, August 21). What Do We Know About Brazil And Its Gold Assets?. Retrieved April 12, 2015, from http://uberarticles.com/finance/investments/what-do-we-know-about-brazil-and-its-gold-assets/

Chicago Style Citation:
Wogan, Jack "What Do We Know About Brazil And Its Gold Assets?" uberarticles.com. http://uberarticles.com/finance/investments/what-do-we-know-about-brazil-and-its-gold-assets/

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