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Gold As: Coinage, Bullion, Backing
Because gold is highly valued and in very limited supply, it has long been used as a medium of exchange or money. The first known use of gold in transactions dates back over 6000 years. Early transactions were done using pieces of gold or pieces of silver. The rarity, usefulness, and desirability of gold make…
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Jewelry: The Primary Use of Gold
Gold has been used to make ornamental objects and jewelry for thousands of years. Gold nuggets found in a stream are very easy to work and were probably one of the first metals used by humans. Today, most of the gold that is newly mined or recycled is used in the manufacture of jewelry. About 78% of…
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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…
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The Most Useful Metal
Of all the minerals mined from the Earth, none is more useful than gold. Its usefulness is derived from a diversity of special properties. Gold conducts electricity, does not tarnish, is very easy to work, can be drawn into wire, can be hammered into thin sheets, alloys with many other metals, can be melted and cast into highly detailed…