GOLD EQUIVALENT Meaning and
Definition
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Gold equivalent is a financial term used to quantify the value of a specific quantity of gold in relation to other precious metals or minerals. It is primarily utilized in the mining industry to assess the potential economic value of deposits that contain a variety of metals or minerals, and to enable effective comparison or trade-offs between different deposits.
The concept of gold equivalent arises due to market variations in the prices of various metals, including gold, silver, copper, zinc, and others. By expressing the value of all metals contained in a deposit in terms of gold, a common denominator is established for easy comparison and calculation.
The gold equivalent is calculated by multiplying the weight of each metal within the deposit by its respective market price and then dividing that figure by the market price of gold. This provides a single value that essentially represents the quantity of gold that would need to be obtained in order to match the total value of all metals present.
Gold equivalent is crucial in making investment decisions in the mining sector, as it allows companies and investors to assess the potential profitability and viability of a mine based on the value of the metals it contains. It provides a standardized measure to compare and evaluate different deposits against each other, facilitating a more informed decision-making process.
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A unit of power of the protective colloids; the number of milligrams of protective colloid which is just insufficient to prevent the precipitation of 10 c.c. of a 0.0053-0.0058 per cent. gold solution by the action of 1 c.c. of a 10 per cent. sodium chloride solution.
A practical medical dictionary. By Stedman, Thomas Lathrop. Published 1920.
Common Misspellings for GOLD EQUIVALENT
- fold equivalent
- vold equivalent
- bold equivalent
- hold equivalent
- yold equivalent
- told equivalent
- gild equivalent
- gkld equivalent
- glld equivalent
- gpld equivalent
- g0ld equivalent
- g9ld equivalent
- gokd equivalent
- gopd equivalent
- good equivalent
- gols equivalent
- golx equivalent
- golc equivalent
- golf equivalent
- golr equivalent
Etymology of GOLD EQUIVALENT
The termgold equivalent" does not have a specific etymology as it is made up of two separate words:gold" andequivalent". Here is the etymological information for each word:
1. Gold: The wordgold" is derived from the Old English wordgeolu", which is related to the Old Norse wordgull" and the Old High German wordgold". These ultimately come from the Proto-Germanic wordgulþą". The origin ofgulþą" is uncertain, but it is believed to be related to a Proto-Indo-European root *ǵʰelh₃- which meansto shine" oryellow".
2. Equivalent: The wordequivalent" comes from the Late Latin wordaequivalens", which is the present participle ofaequivaleo" meaningto be equivalent".
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