A Bit of Gold History


When Spanish explorers first arrived in the “New World” they met the native people of South America. These two cultures had been separated by a vast ocean, they had never touched one another, they spoke different languages and lived entirely different lives. Yet they had one thing in common – they both held gold in highest esteem and used it to make some of their most important objects.

gold nuggets
Gold nuggets: Gold nuggets found in a stream can easily be hammered into shapes, combined, and worked with primitive tools into ornamental objects.

Throughout the history of our planet, almost every established culture has used gold to symbolize power, beauty, purity, and accomplishment. Today we continue to use gold for our most significant objects: wedding rings, Olympic medals, Oscars, Grammys, money, crucifixes and ecclesiastical art. No other substance of the same rarity holds a more visible and prominent place in our society.

uses of gold in the USA
Uses of Gold in the United States: This pie chart shows how gold was used in the United States in 2019, not including gold bullion. The main uses were in jewelry (50%) and electronics (37%). The minting of official coins accounted for 8% of the gold used, and 5% was for other uses. Data from the USGS Mineral Commodity Summaries for 2019.

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