Where To Buy Gold In Namibia

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Where To Buy Gold In Namibia

What is Gold?

Gold is a chemical element with the symbol Au and atomic number 79, making it one of the higher atomic number elements that occur naturally. In a pure form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. Chemically, gold is a transition metal and a group 11 element.

What is special about gold?

Gold has unique physical chemical characteristics that made it very valuable. Gold is the most maleable and ductile of all the metals. Gold has the highest corrosion resistance of all the metals and it is corroded only by a mixture of nitric and hydrocloric acid. Gold is a noble metal because it does not oxidize.

List of Stores/Shops and Goldsmiths Selling Gold in Namibia

Gold Ideas

Cash Converters

Namib Jewellers

American Swiss 

Sterns

Herrle & Herma Jewellers

African Gemstone

B2Gold Namibia (pty) ltd

Jewellery Boutique

Canto Goldsmith & Jewellers

Namdeb 

Pandora

Frequently Asked Questions (FAQs)

Below are questions in relation to getting access to a Gold in Namibia and beyond;

Why is gold so valuable to humans?

The metal is abundant enough to create coins but rare enough so that not everyone can produce them. Gold doesn’t corrode, providing a sustainable store of value, and humans are physically and emotionally drawn to it. Societies and economies have placed value on gold, thus perpetuating its worth.

Does Namibia have gold?

Namibia produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals. The majority of revenue (7.2% of GDP in 2011) comes from diamond mining. In 2014, Namibia was the fourth-largest exporter of non-fuel minerals in Africa.

Does gold last forever?

Solid gold is highly valued because it doesn’t fade or tarnish and will continue to hold its value over time. A solid gold piece is a lifetime purchase, a future heirloom that will last forever. Solid gold is remarkably robust. We have all seen our grandmother’s rings, still perfect after a lifetime of wear.

What are the strengths of gold?

It is the most malleable and ductile metal; 1 ounce (28 g) of gold can be beaten out to 300 square feet. It is a soft metal and is usually alloyed to give it more strength. It is a good conductor of heat and electricity, and is unaffected by air and most reagents.

Which minerals are found in Namibia?

Namibia’s mining industry produces diamonds, uranium, copper, magnesium, zinc, silver, gold, lead, semi-precious stones and industrial minerals. However, diamonds and uranium still represent the country’s most salient commodities from an export revenue point of view.

Does 18k gold fade?

Solid 18k gold will not fade. The color remains consistent over time. It’s possible, however, for some fading to occur when gold is plated over some non-gold base metal.

What means 24 carat gold?

A 24 Karat gold is 100 per cent pure gold and does not have any other metal mixed. In the local market, it is known as 99.9 per cent pure and has a distinct bright yellow color. The 24 karat gold is more expensive than 22 or 18 Karat gold.

Why is 24K gold cheap?

And because it contains more gold, 24K jewelry is slightly more valuable than jewelry of the same weight but lesser purity. Also, since 24K is pure gold, it is usually a tad more expensive than 22K or 18K. 22K jewelry is a little more durable than 24K since it is mixed with harder metals like copper or silver.

How many mines do we have in Namibia?

There are two operational mines: Skorpion Zinc (operated by Vedanta Resources) and Rosh Pinah (owned by various shareholders, with Exxaro Base Metals owning the largest interest at 46 percent).

Can gold be destroyed?

It will not corrode, rust or tarnish, and fire cannot destroy it. This is why all of the gold extracted from the earth is still melted, re-melted and used over and over again.

Does gold transmit electricity?

Gold wire Gold is ductile: it can be drawn out into the thinnest wire. Gold conducts heat and electricity. Copper and silver are the best conductors, but gold connections outlast both of them because they do not tarnish.

Will gold rust?

As an element, gold holds the title as being one of the elements that is least reactive. In it’s pure form, gold does not rust or tarnish as it does not combine with oxygen easily. This is why pure gold stays as shiny as it does. When it comes to gold jewelry, it is very rare to find pure gold jewelry pieces.

What’s worth more gold or Bitcoin?

Bitcoin is now worth more than its weight in gold. The price of Bitcoin surged to another record high over the weekend, becoming more expensive than 1 kilogram of gold. The digital coin was being traded for more than 65 million won ($58,800) as of Sunday morning, data from crypto exchange Upbit showed.

Can Bitcoin replace gold?

Those unpredictable spikes and tumbles are one of the reasons we can’t actually talk about cryptocurrencies as an everyday form of money. Indeed, we should treat them as risky investments. Many experts are in no doubt: Bitcoin won’t replace gold.

What is the main ore of copper found in Namibia?

The Tschudi mine is located around 20km west of Tsumeb, in the Oshikoto region of Namibia. The mine was developed on an ML125 granted mining licence. The copper deposit is within the Otavi sediments of northern Namibia, which are part of the Damara orogenic belt and mainly made up of sandstone.

Is B2Gold a good buy in Namibia?

B2Gold has received a consensus rating of Buy. The company’s average rating score is 2.80, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

How does mining contribute to the economy of Namibia?

Mining contributes to 25% of the country’s income. It is the largest contributor to the Namibian economy. Namibia has various natural resources including diamonds, uranium, copper, gold, lead, tin, lithium, cadmium, zinc, salt and vanadium. Indirectly the mining industry contributes to the livelihood of 100 000 people.