How did gold get its value?

What is gold


Gold is a chemical element and is one of the Transition metals. In the periodic table it has the element symbol Au (from the Latin aurum = Gold). Together with copper, gold is one of the few metals that is colored. Gold has been used for this for thousands of years Jewelry, currency and ritual objects to manufacture.

Deposits of gold

Gold comes in granular shape or as Nugget all over the world. As one of the few metals, gold occurs most frequently in a solid (pure) form - mostly in rock walls or river deposits. Almost half of the gold extracted comes from China, Australia, Russia, South Africa and the USA. In South Africa you can find the deepest gold mines in the whole world, with a depth of almost 4000 meters. In addition to the mining of the dignified form of gold, considerable amounts of gold are always produced when refining other precious metals such as copper or nickel.

From grave goods to gold rush - the story of gold

Gold is one of the first metals ever to be worked by humans. Because of its beautiful Shine, the heaviness and the seeming immortality, it was in many cultures for Jewellery and religious items used. Whole palaces made of golden works of art shone as a sign of wealth and power. Gold extraction can be traced back to the early Copper Age (around 6th millennium BC). The oldest known gold artifacts come from burial grounds in Bulgaria. These are 3000 gold objects that are known as Grave goods were settled approx. 4600 BC. Around this time, grave beige and gold jewelry could also be discovered in other regions. The gold mining and cleaning was done by the gold panning.

A famous myth about gold is this Argonauts legend from Greek mythology. It is about the search for the Golden Fleece and its robbery. According to legend, the golden fleece was the hide of a golden ram that could speak and fly. The Torah and the New Testament also contain stories about gold-plated objects.

The Greed for gold finally began with the conquest of the European naval powers Spain, England, Portugal and Italy, which was a decisive reason for many wars and conquests. Again and again researchers were attracted by gold finds, so that in the 19th century it became the so-called Gold rush came, in which masses of prospectors were traveling all over the world. Even today, gold and the gold price play a crucial role in social change on earth.

Gold: properties and uses

Gold is easily malleable and very flexible. It can also be melted together with other metals to create stable alloys. In so-called gold plating, another metal, usually copper or silver, is coated with a layer of gold. This protects objects from corrosion and gives them a noble shine. Gold is also resistant to the effects of air and water and is one of the best Conductors of electricity and heat.

Gold nowadays is mostly in the form of Jewellery because most of the gold extracted is used by the jewelry industry. But of course also in gold bar as an investment. Also Pieces of furniture can be gold-plated and let the room shine in a splendid splendor. Also in the electronics, in optics and medicine, gold is used in a wide variety of forms. Gold-plated items can be removed with the help of water and washing-up liquid easy to clean.

Color variations of gold

In the form of alloys, gold can take on different colors. In addition to the well-known yellow gold, red gold (or rose gold), green gold, white gold and gray gold can also be produced in this way.