Recently, police from Western Canada has warned of a spike in the trade of counterfeit gold bars in cities such as Winnipeg and Edmonton. Unlike some of the more obvious fakes out there, the level of detail to these bars are reported to be far more intricate, as they were professionally packaged and have very [...]
Here at Toronto Gold, we know that gold bullion is always in high demand, but some big global news has put it in even higher demand. Since the Brexit, China’s demand for gold bullion has skyrocketed. It’s well known that China is the world’s biggest gold buyer, and their demand for gold has increased [...]
Over the years, people have unexpectedly found gold in all kinds of crazy places. In the past we’ve written about people who have found gold in the walls of their newly purchased home and buried on their property without their knowledge, but those pale in comparison to where a group of scientists recently found gold. [...]
What would you do if you found millions of dollars worth of cash and gold bullion inside the walls of your newly purchased home? For one, you’d probably be able to pay off your home inspection rather easily. As crazy as it sounds, a man from New South Wales, Australia encountered that “issue” a couple [...]
Well, that didn’t last long. When several entrepreneurs decided to build a 36-metre gold painted statue of Mao Zedong in the Henan province of China, it was met with mixed reviews—much like Zedong’s reign. The photos of the statue, which cost an estimated $650,000 USD to build, started to make the rounds on social media [...]
Many customers ask us: "What is a troy ounce"? The troy ounce is a unit of measurement that is used for purposes of calculating the weight of precious metals like gold, silver and platinum bullion. Originally a unit of measurement in Ancient Rome, the troy ounce is different from the 'ounce' that most people are [...]
Here at Toronto Gold, we employ several different methods to test the gold and silver that our customers bring to us. One of these methods is to use a device that measures specific gravity. When a customer asks how it works, we explain, it’s really quite simple and the machine is quite easy to use. [...]
There is little debate as to the primary cause of the recent price drop in gold and silver. One clear explanation says it all – it is due to margin call liquidation by people holding long future contracts on precious metals. What Happened? Those who have been holding future gold and silver contracts were forced [...]
Image courtesy of hwww.wallace-id.com Hecla Mining Co has been in business for over 120 years and expects to produce between 8 and 9 million ounces of silver this year from it's primary mines. That's impressive. Guess what? They're growing bigger. It was recently announced that Hecla mining, the second largest U.S. silver miner [...]
