Guyana gold is some of the most highly sought after and desirable on the planet and these days that is reflected in the price. Despite the demand, the former British colony of Guyana on Africa’s south east coast currently does not have a single hard rock mining organisation in operation throughout the country despite being one of the most well known and key players in the market. Some 3,000 licences to small companies have recently been issued for dredging and exploration purposes but there is no increase in the volume of Guyana gold being produced to any substantial level. This has helped to push the price of Guyana gold up in recent years as something of a gold rush is in existence as supply can’t keep up with demand at this time.
In 2010, Guyana’s gold exports to The USA brought in $281 million US Dollars, generating more money than the nation’s more traditional export; sugar. Gold that does exist in Guyana is heavily regulated by the socialist government, with only a certain number of recognized bodies being able to buy and sell. Again this doesn’t help to increase supply levels and keep trade flowing, the process can be time consuming and confusing for many traders.
If you are interested in buying Guyana gold there are a few websites that will help you do so though be warned they are likely to add on their own charge for commission and a small profit at the same time. You also need to be wary of customs regulations and import laws that govern what and how much you can bring in to your country. The most recent rate for Guyana gold illustrates the recent surge in cost as one ounce currently costs 314,052 Guyana Dollars which equates to 1522 US dollars.
In 2010, Guyana’s gold exports to The USA brought in $281 million US Dollars, generating more money than the nation’s more traditional export; sugar. Gold that does exist in Guyana is heavily regulated by the socialist government, with only a certain number of recognized bodies being able to buy and sell. Again this doesn’t help to increase supply levels and keep trade flowing, the process can be time consuming and confusing for many traders.
If you are interested in buying Guyana gold there are a few websites that will help you do so though be warned they are likely to add on their own charge for commission and a small profit at the same time. You also need to be wary of customs regulations and import laws that govern what and how much you can bring in to your country. The most recent rate for Guyana gold illustrates the recent surge in cost as one ounce currently costs 314,052 Guyana Dollars which equates to 1522 US dollars.
