Cape Town Gold Buyers
Gold has been the commodity of choice to buy and sell since the start of time.
If you’re looking for a reputable gold buyer in Cape Town to offer you the best price and a safe transaction, get a free quote today.
Next time you think, “where can I sell my gold?…”, like 1000s South Africans before you, you’ll know the answer is Anthony Alan.
Selling your gold jewellery in Cape Town is an easy transaction thanks to the reputable services of Anthony Alan. Simply contact us and provide a description of your items for a best-price quote.
HOW IT WORKS
Selling your gold to Cape Town’s premier gold buyer is easy.
- Complete the Free Quote Form
- Bring Us Your Gold Items
- Get Money in Your Bank Account
We are conveniently located on Loop Street in Cape Town and are experienced in both buying and selling gold.
Once the quality of your gold has been determined and the weight assessed, we will make you a lucrative offer on the spot.
Once accepted getting money is as easy as providing your local bank details and you’ll have cash in your account instantly.
Next time you ask “where can I sell my gold in Cape Town?”, Anthony Alan will be your go-to choice.
Get more information on where to sell your Krugerrands and gold coins.
Why Anthony Alan?
Finding reputable gold buyers in Cape Town is tougher than you think.
Consider the challenging process of trying to sell through a classified site like Gumtree for example.
Your safety is certainly not guaranteed and you have no idea who you are really dealing with.
Is that the kind of gold buyer you want to deal with?
With Anthony Alan you can sell your gold items in a secure facility and get a fair price from experienced professionals.
To find out how much you can sell your gold for, contact us today using the free quote form and you will see why we rank #1 in the Cape Town Gold Buying market.
Frequently Asked Questions
1 – Where can I sell my gold?
You can sell your gold to pawn shops and even jewellers, but you will get the best price from a reputable gold buyer more often than not.
2 – What are gold buyers paying?
3 – How can I tell if gold is real?
The first step is to hold a magnet against the gold, if it sticks then the gold is not real, if it doesn’t then you may have real gold in your possession, contact a reputable gold dealer for further testing and to learn the quality of the gold.
4 – Is gold easy to sell?
Gold can be easy to sell if you’re working with a trusted buyer. If you try sell your gold via a classified or online site to an individual then your risk is higher. The last thing you want is to be robbed for your gold when dealing with an unknown person or organisation.
5 – How will I get paid?
You can get paid via instant bank transfer and in some cases cash too if you call ahead and depending on the amount of gold in your possession.
6 – Do you buy gold jewellery?
We will buy any gold items from you including jewellery, watches, coins and bullion etc.
Gold Comes From Outer Space
Of course, after a star supernovas and forms gold, the precious metal has to travel to Earth in some way.
By studying ancient rock samples with high-precision instruments, scientists have found evidence that accessible gold, or the gold that is technologically and economically feasible to reach on the surface of the planet, arrived via asteroids when the earth was still fairly young.
Here’s another interesting fact: During the initial formation of the planet, heavy iron sank into the middle to form the planet’s core.
This iron took other heavy elements, like gold, with it. That’s where most of the gold on the planet should be, rather than in the crust, which is where we find it.
Because the gold is so near the earth’s surface, humans have been able to stumble across it aboveground and extract it through mining.
Scientists say gold is actually ten times more common in the planet’s crust than they would expect it to be if it came here when the earth was still forming and molten hot.
This lends credence to their conclusion that gold must have arrived on earth later, and it is likely that asteroids carried it here. It is fair to conclude that gold comes from outer space.
How Are Different Gold Deposits Formed?
Of course, there are different kinds of accessible gold deposits.
This precious metal has been found in streams, in the sides of rock outcroppings, and of course, under the earth.
At different times in the earth’s history, hot fluids circulated through gold-bearing rocks and because of the weight and chemical properties of the gold, the gold may have been carried off to form a vein or a lode.
In other instances, gold flakes and nuggets broke off and were carried away by water’s currents. Since gold is relatively heavy, it sinks to the bottom of streams and riverbeds.
Where to Find Gold
According to estimates, all of the gold ever mined in the history of humanity amounts to about 152,000 metric tons.
This sounds like a lot, but it is only about enough to fill up 60 trailers.
Scientists believe that there is still eight times more gold in and under the oceans than has ever been mined close to the planet’s surface.
Like the gold that is probably floating in the Earth’s molten core, most of this supply of the precious metal is inaccessible or simply too expensive to mine.
Interestingly, gold has been discovered on all of Earth’s continents except for Antarctica.
Of course, it is possible that even that continent holds some gold under all of the ice.
Gold in South Africa was first discovered in the late 19th century by two prospectors in a place called Witwatersrand, which triggered the 1886 Witwatersrand Gold Rush.
This gold discovery was a turning point in the history of South Africa. It led to the change of the country from a principally agricultural society to grow into the world’s largest producer of gold.
This played a significant part in the development of the early Republic of South Africa. Gold mining in South Africa rapidly became the largest and most important part of the country’s economy and it is still a major contributor to its economy.
South Africa was the largest producer of gold for several years before being overtaken by China in 2007. Currently, South Africa is estimated to have the largest amount of gold ore reserves in the world, representing about 40 percent of global gold reserves.
However, the leading position in the production of gold has been maintained by China.
The Witwatersrand Basin
The main area of gold production in South Africa is the Archaean Witwatersrand Basin, which has been mined for over a century, producing gold of over 41,000 tons.
The gold deposits that are mined here are unlike most other deposits of gold around the world. The Witwatersrand is a gold placer deposit, with the gold being hosted by grits and conglomerates.
There is a massive sedimentary basin that stretches through a long arc of many miles across the North West, Gauteng, and Free State Provinces.
The reefs or conglomerates that bear gold are usually tabular and have varying dips.
Outside the Witwatersrand, South Africa also has other minor regions of gold production in the form of greenstone belts.
Kraaipan Greenstone Belt and Barberton Greenstone Belt are the main greenstone belts that produce gold.
There are other smaller belts found in the Northern Province, even though they have but been worked on infrequently.
South Africa hosts most of the world’s deepest gold mines in the world.
It is also home to two of the world’s top 10 largest mines.
South Deep mine, situated south-west of Johannesburg, is one of South Africa’s largest gold mines and is the second largest in the world.
The gold reserves of the mine are estimated to be more than 80 million oz. Moreover, it is the seventh deepest gold mine in the world. Mponeng gold mine, located in Gauteng province in South Africa, is the world’s tenth largest gold mine and presently the deepest gold mine globally from ground level.
Gold mining in South Africa is usually done using methods such as sluicing, panning, hard rock mining, by-product mining, and dredging.
The most effective gold mining method used in South Africa is hard rock mining. This is because gold reserves are characteristically fully covered in rock quite deep underground.
The development of industrial air quality control and air cooling systems has helped gold mines reach extraordinary depths and extreme temperatures.
Declining Gold Production
The gold sector in South Africa started to decline in the early 21st century when the gold mines started to go deeper for the rich reef patches to be found.
After years of gold mining, it became necessary for gold miners to go deeper underground to reach the gold, what came to be referred to as deep-level mining.
This made the development of a mine to be very expensive, hazardous and challenging.
At the same time, there had been a significant drop in the gold price in the past few years as the global economy slowly continues to recover.
Even though the global financial crisis has reduced in most countries, the effects it had on the mining industry of South Africa have been weighty and lasting since an improving economy generally surprises the gold price.
The gold mining industry in South Africa is among the largest in the world and has had a huge impact on the environment, the social structure, and the economy of the country.
Its environmental impact includes air, noise, and water pollution.
One of the main effects that gold mining in South Africa has had on the environment is the loss of biodiversity due to the transformation in the ecosystems and natural habitats.
Impact of Mining on South Africa
Employment opportunities in the South African gold sector have continued to drop over the years with fewer workers presently being employed.
In spite of this, activities in the gold mining sector are still a major contributor to employment in several communities around South Africa, with each employee supporting more than five other dependants.
Each direct job in the gold mining sector leads to other two indirect jobs being generated somewhere else with the services and goods required by the mines to run successfully.
Apart from the thousands of jobs that gold mining in South Africa has created, it has also accounted for a lot of money in foreign currency earnings.
It continues to contribute greatly to the nation’s economy and the development of the country’s infrastructure.
New gold mines continue to open in South Africa, adding to the notion that gold mining in South Africa continues to be a feasible and productive industry.
Gold is the leading mineral earner of foreign income in South Africa with a contribution of 27.4 percent in mineral revenues. 56 percent of the country’s mine labor force is also represented by the gold industry.
The future of South Africa’s gold mining industry is dependent on increased productivity.
Since South Africa is one of the largest producers of gold in the world, it is more susceptible to slumps in gold price than most other countries since its deep level mines produce high costs.
The production costs in the gold mines of South Africa are the highest in the industry.
The country has recently been influenced by a drop in prices of gold as well as a struggle with the strong rand.
Major new projects, new methods used in the organization of work, new technology, commercial innovations, and better labor relations are starting to reshape the country’s gold mining industry.
Gold miners have to smelt their gold in order to remove impurities resulting in pure gold.
Most large scale gold miners send their ore to smelters with large equipment for the smelting process. Small scale miners still can do their own smelting using specialized kilns.
Many people confuse gold smelting with melting.
Whereas gold melting is simply heating gold to turn into a liquid form before forming gold bars, smelting is a more complex process that involves the removal of impurities from gold using heat, pressure and a number of chemicals.
History of Gold Smelting
The smelting of gold is not a new process.
According to ancient literature, gold smelting has being used as early as 6000 BC.
According to most sources, the smelting was in use in the early days of the ancient towns in Mesopotamia such as Babylon in what is now Syria.
The Greek philosopher Heraclitus also extensively wrote about gold smelting during the Greek civilisation.
A lot of other materials from several other places across the world such as Egypt, China, parts of Asia and Africa have also shown that gold smelting was done thousands of years ago.
During the early days of human civilisation gold ore was dug out from the ground, crushed using simple tools, then the ore washed in water and then the recovered gold smelted in earthen kilns.
The same process used today (with a few improvement) that has come with this same available technology.
Gold Smelting Process
1. Gold Processing
The first step in gold smelting involves processing the gold ore. The ore containing gold once mined from the earth is processed by separating gold minerals from the crude matter holding the ore together. The gold ore is then pulverised using pressure to create very fine particles.
2. Pre-smelting Chemical Removal
Some chemicals found in the gold ore can be quite dangerous both the health of the smelter and the longevity of the smelting equipment. It is, therefore, important that such elements are first removed from the gold materials before smelting takes place. Such chemicals include.
Mercury is dangerous to our health when in gaseous form. Gold recovered from the ore by the Merrill-Crowe process or by the elecrowinning method is likely to contain traces of mercury. To remove these traces of mercury from the gold you must heat it in a retort.
The Amalgamation Process that employed mercury in the recovery of gold from the ore is no longer used at most major mines, but gold-rich ore often has some traces of mercury that may still stick to gold even after the precipitation and the leaching process.
If not removed from the ore this mercury is likely to under volatilisation during the smelting process and can cause serious health and environmental problems.
Iron in the gold ore can be oxidised with the Nitre and this can corrode your smelting pot increasing the smelting cost and in other cases may cause leaks which can be catastrophic and result in huge losses.
The iron in the gold ore can be removed by the oxidation of the iron by use of either a forced air oven or nitric acid. The iron oxide may then be removed from the gold materials to be smelted and thus reducing the problems that may be caused by their oxidation inside the smelter.
3. Removing Impurities
Once the raw ore has been processed the next step of the gold smelting process involves the use of chemicals to remove impurities from gold. At this stage, most of the impurities in the gold material are traces of other metal elements.
Gold can easily be purified at this stage by using chemicals such as potassium cyanide or mercury. The two chemicals mostly are often used in gold purification because they make gold elements to coagulate together forming gold nuggets and clumps.
This way they are easily separated from other materials.
Once the gold has been purified it is put into the furnace one last time so that it is melted in readiness for it to be mould into ingots.
Before gold is sold it is usually made in form of gold bars of various sizes and shapes. These are what are referred to as ingots.
Finished gold can then be used to make a number of items such as jewellery and other electrical components. Sometimes items made from the gold ingots may be recycled so that they are made into different items.
Gold from such sources must undergo another smelting process to remove impurities before it is used to make a new item.
Smelting is not always the final stage in gold extraction. Depending on the intended use of the gold, it may have to be refined before being put to use. Refining gold is simply the process of removing the finer impurities that the smelting process could not remove.
There are several methods used to refine gold. The most common gold refining methods include:
1. Miller Process
This is a chlorination process that refines gold to a purity of about 99.5%. The process involves blowing chlorine bubbles through molten gold which reacts with metallic impurities forming a chloride slag that is separate from pure gold and floats on top. Gold produced here is then cast into bars ready for the market.
2. Wohlwill Process
For higher purity of gold, the Wohlwill method is used. The method produces the gold purity of as high as 99.999%. This is an electrolytic process that uses pure gold as the cathode and Chloroauric acid as the electrolyte.
When an electric current is passed through the setup, gold is dissolved at the anode and while pure gold is deposited on the cathode.
The other metal impurities in the gold being refined forms either a soluble chloride or an insoluble chloride slime that is easily removed. This method is more popular with the industrial refining of gold when compared to other gold refining processes.
This is a relatively new method for refining gold. The method as the name suggests refines gold by separating it from other metal elements using an electrolytic cell set up.
The electrolytic cell is set up in such a way that when an electric current is passed through, all the other metallic elements dissolve except platinum and gold. The process produces gold of up 99.5% purity. A repeat of the process may further improve the purity of gold produced by this method.
Gold smelting is an important process in the production of gold.
It enables gold miners to separate impurity materials from pure gold that is desirable in the market. Smelting often produces gold to the purity over 90%. To improve the quality of the gold mined, gold miners have to refine the gold.
This process takes the smelted gold and using a number of methods removes the often difficult to remove metallic elements from the gold thus improving its final purity.
The purest gold can be refined is about 99.999% and can only be achieved by use of the Wohlwill process.