US Had 3,000t, or 5.4% of Global Reserves of Gold and 25,000t, or 4.7% of Global Reserves of Silver

Date: 2015-09-07

“• The US had 3,000t, or 5.4%, of global reserves of gold and 25,000t, or 4.7%, of global reserves of silver, ranking fifth and seventh respectively according to the US Geological Survey (USGS) as of January 2015

• Nevada is the highest prospective region for gold mining with deposits in the Carlin Trend occurring in the form of grains while silver deposits are mainly associated with lead, zinc, copper and gold, with recent discoveries associated with gold occurrences. 

• Silver has a wide range of applications in the industrial and fabrication sectors, ranging from consumer electronics to automobiles. Among these, the electrical and electronic sector is the dominant consumer. “

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