Gold has been a symbol of power throughout the ages and throughout the world. Ancient civilizations like Egypt, Greek, and Roman were even known to add gold to some of their coinage. Civilizations in the Americas like the Mayan empire adorned their pyramids in gold.
It is unknown where and when the first commercial mining process began, but it is believed to have been at some time between the agricultural and industrial revolution. Today, gold is a hugely popular investment opportunity. In order to understand the gold price it is importnat that investors also understand where gold is being mined. As of 2021, these are the top 5 bullion producers worldwide.
1. China
China has been leading the gold mining industry for over a decade now. The top country to mine and produce gold, China's gold production has seemingly been unaffected by the pandemic wave of 2020. Last year, China reportedly mined 370 metric tons of gold, which is much higher than in 2020 (365 metric tons).
Interestingly, China is the top consumer of gold jewelry, according to the WGC (World Gold Council). The Chinese Gold Panda Series coins are rare and valuable in the bullion market and highly preferred by investors.
2. Australia
Australia is the second largest producer of gold. Prior to 2021, this position was held by Russia. However last year Australia was able to increase its production of the yellow metal and mined more than 330 metric tons mined in that year..
All investment grade bullion coins are manufactued by the Perth Mint. The Mint has a large range of gold, silver and platinum coins that are known and recognised worldwide, including the always popular Kangaroo series.
3. Russia
The world's third largest producer of gold is Russia. Due to economic conditions and geopolitical motivations, Russia has dropped down a spot in the respective list. Russia's gold production has been generally growing over the last 5 years (255 metric tons in 2017 to 305 metric tons in 2020, and 300 metric tons in 2021).
The Russian Rouble and Chervonets gold coins are popular due to their exclusivity amongst investors. According to US Geological Survey, Russia holds the largest gold reserves in the world.
4. USA
The US market for gold is highly favored amongst investors. In recent years, however, the production volume in the US has been dropping. Last year, the US mined 180 metric tons of gold.
However, if you are looking to invest in silver or gold coins, US Mint coins are very popular and coveted. The coins manufactured by the US Mint are required to be made from gold or silver that is mined within the United States. The most popular coin available ithe American Eagle series, available in gold, silver and platinum.
5. Canada
According to the Canadian government, gold is their most valuable and mined commodity. In 2021, Canada reportedly produced about 170 metric tons in gold, making it the 5th leading country in gold production.
One of the most prominent and valued gold bullion from the Royal Canadian Mint is the Canadian Maple Leaf Series, which is available in gold, silver, platinum and palladium. The Royal Canadian Mint has a wide range of coins and bars available to investors.
Conclusion
If you buy silver bars, invest in platinum, or take a chance in palladium, nothing comes close to that of gold. As an investor, to get a better understanding of the bullion from the leading gold miners in the world, visit Suisse Gold for a more detailed outlook on which is the best option.
