Friday, March 27, 2009

MOST EXPENSIVE GOLD

If you think all gold is the same, think again. Scotgold, an Australian mining company, has recently purchased the Cononish mine in Tyndrum, a small village in Scotland, which produces the most expensive gold in the world—Scottish gold.


A ring made of Scottish gold
from the Scottish Gold Collection.
Scottish gold is heavily valued for its yellow color, rarity and the back-breaking sluicing process used to gather it. The expensive gold’s price can be more than five times that of normal gold. The Cononish mine was approved in 1996 for the mining of 25,000 ounces of gold per year. Unfortunately, a steady decrease in the price of gold shelved the project for the ten years before Scotgold bought the mine.

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