Knowledge

Many people dream of finding a real treasure. In fact, archaeologists, treasure hunters and probe hunters, but also construction crews or farmers find real, historical gold treasures again and again.

For centuries, gold and silver were a common currency. Gold coins and silver coins passed from hand to hand as circulation coins. The value of the coins was directly covered by their material value (curant coins).

Today, the gold price is determined on the basis of supply and demand on international markets and is therefore largely uniform worldwide. Therefore, "THE" Austrian gold price does not exist.

In Austria, there is the hallmarking law here, which states that precious metal items manufactured or sold in Austria must bear a hallmark of fineness with an indication in parts per thousand in a clearly visible and easily recognizable manner.

While various approaches are designed to make gold mining more sustainable, it is primarily scrap gold recycling that makes the precious metal environmentally, socially and climate friendly.

You bought gold and now the price is going down? Falling prices are by no means a reason to panic. If you consider these 10 questions and answers, you are on the safe side.

Whoever buys a gold coin with 1 ounce of fine gold from a precious metal dealer or a bank always pays more than the "gold spot", i.e. the general gold price on the world market, currently shows. This difference, i.e. the additional cost of a gold, silver or platinum coin at the time of purchase compared to the current price of the metal is called the "premium".

Medal and coin are often not so easy to distinguish. Both are round, have embossing on both sides and are produced from metals.

The Maria Theresa Thaler (MTT) is very much associated with Austrian history and was used as currency for a long time. Although already replaced in Austria in 1858, the Maria Theresien Taler remained a recognized means of payment in Africa and Asia well into the 20th century.