Throughout history, gold has been used to create jewelry and as currency. Gold usage dates to 3000 B.C., when people began creating jewelry out of the shiny, malleable metal.Know More
Gold has been used in making jewelry to show the status of the wearer for thousands of years. As early as 2500 B.C., gold was buried with kings in Egyptian tombs. In the centuries that followed, gold became a standard currency used to purchase items throughout a network of civilizations near the Mediterranean. Around 1200 B.C., Egyptians began to extend the usage and amount of gold they had by making gold leaf and creating alloys with other metals.
Gold has continued to be used as a currency, although the shape and amount of the currency has changed greatly. North Carolina had the first gold rush in 1803, and a series of North American gold rushes throughout the ensuing century reinforced its status as a popular commodity among people seeking riches.
Gold is also used in many technology applications. Gold is found in computers, space technology and communications equipment. In 1960, gold was added to intravenous fluid to treat rheumatoid arthritis in Europe. As recently as 1996, a gold-plated parabolic telescope was used on the Mars Global Surveyor.Learn more about Precious Metals & Gems
Gold is expensive because there are limited quantities available. In addition, it is expensive to produce, which also drives up the overall cost.Full Answer >
Hard to find in nature and durable enough to remain in perfect condition for centuries, gold is unlike any other metal in the periodic table. It has been used as currency and as a means to display wealth and power for centuries, particularly among royalty historically.Full Answer >
According to BullionVault, gold bullion is gold that is measured purely by its precious metal composition. Bullion also comes in silver, and gold bullion is normally found in bar or coin form.Full Answer >
Gold comes from almost every continent, with China and Australia the largest producers as of 2015, according to Mining Technology. A team of Harvard scientists believes that gold is formed when two neutron stars collide, according to a report by USA Today.Full Answer >