A gold nugget is a naturally occurring piece of native gold. Watercourses often concentrate nuggets and finer gold in placers. Nuggets are recovered by placer mining, but they are also found in residual deposits where the gold-bearing veins or lodes are weathered. Nuggets are also found in the tailings piles of previous mining operations, especially those left by gold mining dredges.
A doré bar is a partially refined gold bar. Dorébars are typically a super high gold content alloy, sometimes actually pure. However, they have no uniformity or set standard. Gold doré bars are the result of removing all non-metal particles out of the gold ore, and consolidating the gold bearing naturally formed alloy into a single chunk. Most often, gold doré bars have, other than gold, mostly silver left in them, plus often other by-products of the gold mining process.
The word “bullion” comes from the French word bouillon, which meant “boiling”, and was the term for the activity of a melting house which creates the ingots or bars from the raw material. The value of bullion is typically determined by the value of its precious metals content, which is defined by its purity and mass.
In the financial sector, “bullion” effectively refers to the content of precious metal in a bar, coin, round, or some other form. Bullion is most often discussed as raw metal, but it can also refer to metal that has been processed into an object, as in the case of a gold, silver, or platinum coin.
The bullion content of an object is usually measured by multiplying the weight of the object in troy ounces by the purity of the metal in that object. For instance, a 1-ounce gold bar with a .9999 purity rating would contain one troy ounce of 99.99 percent pure gold bullion.
(For those unfamiliar with the term, a troy ounce is a special unit of weight measurement used predominantly for precious metals. One troy ounce is equal to 1.09714 standard ounces, making the difference between the two fairly small, but still important to understand.)
We have our mines where we get our precious as well as semi-precious stones. Mines are located at various countries and mostly in Africa.
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