The MGS Precious Metals Blog

Manhattan Gold & Silver is an industry leader in precious metal pricing and refining with more than 30 years of experience. During our time in the business, we’ve found the topic of precious metals to be a vast and interesting one. Here on our precious metals blog, we write in-depth posts about the science of precious metal refining, historical and modern uses for precious metals, market news, and much more. Subscribe to our RSS feed to stay current, and discuss the latest posts on our Facebook page.

New Form of Gold Made in Lab

October 9, 2018 07:00
New Form of Gold Made in Lab

Gold is known for its rarity and beauty, with a brilliant shine that’s unmatched by any other mineral. However, researchers have recently produced a new kind of gold crystal that’s even shinier than the natural kind.

It’s not the first time that gold has been produced in a lab.

In 2012, Michigan State researchers figured out how to change the form of a toxic chemical compound into solid, 24-karat gold. They fed liquid gold to the bacteria Cupriavidus metallidurans. Then, after a week, it created a 24-karat nugget from the digested toxins.

In 2015, another team, led by the Centre for Nano and Soft Matter Sciences in Bangalore, India, experimented with creating gold.

During the study, the team put gold chloride in a furnace with cacophonous tetraoctylammonium bromide, turned it to 220°C (428°F), and left it there for 30 minutes.

The outcome? Elemental gold that formed long, microscopic lumps.

These microcrystals became the basis of the new study, which was conducted by much of the same team.

Manhattan Hotel Debuts a $1,500 Ice Cream With Gold Flakes

October 2, 2018 07:00
Manhattan Hotel Debuts a $1,500 Ice Cream With Gold Flakes

Every now and again, it feels good to indulge in a savory dessert — and there’s none more lavish than the Baccarat Hotel’s new $1,500 ice cream with gold flakes. 

The midtown Manhattan hotel’s “Bear Extraordinaire” sundae, which is served inside a keepsake crystal bear, is now the most expensive ice cream in the country.

Inside the bear, you’ll find rare ingredients, including house-made vanilla ice cream made with vanilla beans imported from Madagascar. It’s covered in a white chocolate shell that you have to break to eat it, which is part of the fun. That shell is then hand-painted with colored cocoa butter. The ice cream sphere sits atop three grams of black truffle crumble. 

But the truffles aren’t chocolate — no, that would be expected. They’re of the mushroom variety, costing roughly $95 an ounce. The truffle crumble is also made from Manjari dark chocolate from Madagascar and Valrhona Gold cocoa nibs. 

Drizzled on top, you’ll find a hibiscus champagne sauce and citrus meringue. And if all of that wasn’t enough to impress you, it’s decorated with fondant butterflies, thin strands of sugar, and a smidgen of edible gold and silver leaf. 

Pastry chef, Rosario Wakabayashi, is the mastermind behind the luxe dessert, which was inspired by the Baccarat crystal butterflies in the Grand Salon of the hotel. 

Not ready to shell out $1,500 for an ice cream with gold just yet?

You can order it without the keepsake bear for only $300.


Source: CNBC

Secure Gold Storage

September 25, 2018 07:00

For thousands of years, people have used vaults for gold storage. One of the most well known vaults is Fort Knox, where 147.3 million ounces of gold holdings are stored. 

No visitors are permitted and only a small amount of gold has been removed for purity testing during scheduled audits. As a result, it’s one of the most secure places for gold storage.

Unfortunately, however, it only stores precious metal bullion reserves for the United States. 

So where should the rest of us store our gold?

Check out the infographic below to evaluate your gold storage options.

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