A Few Facts About Brazil And Its Gold Assets

People seem to be as interested as ever in gold

, so by no means could anyone say that gold fever has been cured. Due to its intrinsic value and beauty and extraordinary qualities, it is still sold worldwide in so many different forms. Gold's dominant position as everybody's favorite has no chances of ever being lost as its price has increased with 49 % since 2008, a clear sign of its high value among traders.

Based on these facts, we can only assume then that mining companies always have no reasons of complaining. As the demand on the market is so high, the need for new gold assets to be found and exploited makes it necessary for the mining industry to explore new territories worldwide.

One of the countries with huge gold deposits and a long tradition in their exploitation is. A former Portuguese colony, the country won a top player reputation in the field as early as the 1800s, when it was the biggest gold producer in the world. In 2009, Brazil produced close to 50 tones of gold, which was almost 2.9% of this precious metal's global mining and it occupied the 14th place in the biggest gold producers' top.

As encouraging as these data may be, potential investors' interest might be stirred by some other aspects as well. They might find it useful to know, for instance, that Brazil's total gold reserves are estimated to have a size of 2.000 tones, which is almost 4.3% of the world's reserve. These deposits can be mainly found in the states of Minas Gerais (48%), Par (36.9%), Gois (6%), Mato Grosso (3.6%), Bahia (3%) and others (2.5%).

Gold mining in Brazil can be seen as an attractive activity from other points of view as well. Of particular interest can be the fact that local government continues to massively invest in the mining industry as a way of ensuring its further growth and development. Other decisive factors if thinking about investing in Brazil are this country's rather favorable to mining legislation and its stable government of the country. And, if we mention that some new reserves have recently been discovered, as well as the high prices of gold on the market, we can be sure to have wholly convinced everybody.

As a final conclusion, we can say that Brazil is the perfect place to be for those interested in mining for or trading the gold bullion. They should not forget though that this is not the kind of venture they would want to embark on their own. Upon taking such an important decision, it's important that they should ask for advice as they learn from specialists in the field how to find their way into this business, even in times of recession.

by: Jack Wogan.

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