Did you know that gold grows on trees and that it came to Earth from space? If not, then dive into this blog to learn some interesting facts about gold. A few of them seem too good to be true.
Although you may have heard that investing in gold is a wise move for the future, but there are several uses and interesting facts about gold you should also know. There is much more to learn about gold, a rare and valuable metal that we adore for its beauty, shine, and universal appeal.
History of Gold
Did you know that gold grows on trees and that it came to Earth from space? If not, then dive into this blog to learn some interesting facts about gold. A few of them seem too good to be true.
Although you may have heard that investing in gold is a wise move for the future, but there are several uses and interesting facts about gold you should also know. There is much more to learn about gold, a rare and valuable metal that we adore for its beauty, shine, and universal appeal.
History of Gold
Earliest Discoveries
The earliest known gold finds come from Mesopotamia and Egypt, dating to approximately 4000 BC. The oldest significant discovery was made on the Black Sea coast of Bulgaria.
Utilize in Jewelry
Around 5000 BC, the Egyptians used electrum, an alloy of silver and gold, in their jewelry. About 3000 BC, the Sumerian civilization in Mesopotamia also used gold in their jewelry.
Utilize as Money
The ancient Egyptians adopted gold as a recognized medium of exchange for cross-border trade around 1500 BC. The Romans introduced the Aureus, a gold coin, in 50 BC.
Rush for Gold
In 1849, the discovery of gold at Sutter's Mill in California sparked the California Gold Rush.
Additional Applications
Additionally, gold is utilized in aerospace, medical, dentistry, electronics, and recognition.
10 Interesting Facts About Gold
1. Gold Arrived from Space!
The majority of the gold on Earth originated from meteorites that struck the planet more than 200 million years after its formation. Researchers have demonstrated that impacts with meteorites enhanced the Earth's surface with valuable metals.
Gold can be found in the Eart h's mantle and crust. The gold that is accessible in the crust was delivered during this most recent impact event.
Gold comprises just 0.0000004% of the Earth's crust, making it a relatively uncommon chemical element.
2. Gold May Possess Healing Properties
Gold is used for much more than just jewelry, coins, and bars. Since 1890, it has been used medicinally.
German scientist Robert Koch found gold compounds that stopped the tuberculosis-causing Bacillus bacteria from growing. Gold is used to treat a wide range of illnesses nowadays.
Gold compounds are being tested in medicine as potential treatments for HIV, arthritis, and other illnesses.
3. The Space Program Uses Gold
NASA employs gold in the construction of astronaut spacesuits. The astronaut visors are made of a layer of gold.
In addition to shielding the astronauts from other infrared lights, gold helps reflect the sun's rays. Their visors protect their eyes from harm.
NASA also used gold in the Apollo lunar landing modules. To shield the astronauts from the intense heat, a strip of gold is positioned at the top of the module, along with glass, aluminum, mylar, wool, and Kapton.
4. Majority of US Gold is in Kentucky
Majority of US Gold is in Kentucky. create image for banner
While Fort Knox is home to a sizable amount of the nation's gold reserves, the gold needed to make gold coins is not kept there. The West Point Mint in New York is the repository for this gold.
5. Gold is a Rare Element
Gold is one of the rarest elements on the earth. It constitutes approximately 0.003 ppm of the planet's crust.
To put this into perspective, remember that one minute in two years is equivalent to one part per million when converted to time. That's rare, and gold is extremely rare.
Scientists surmise that the reason gold is so scarce is that it is difficult to make. To create gold, extreme heat, and pressure are required.
The majority of chemical elements in the universe, including gold, are thought to have originated from the deaths of giant stars.
6. Gold is Nontoxic
Despite being a dense, heavy metal, gold is usually regarded as nontoxic. Gold metal flakes can be consumed in meals or beverages, but some people frequently experience allergies to them.
Thus, before investing in a fine piece of gold jewelry, it's a good idea to be aware of your allergies.
Take a piece of gold and rub it across your palm to find out if you have a gold allergy. A dark stain where the gold touched your skin will show if you have an allergy to it.
Platinum is a fantastic substitute that is less likely to irritate people who are allergic.
7. Gold is Dense and Heavy
Gold, being one of the densest metals, weighs 19.3 times more than other metals, which is approximately 160 pounds per gallon.
Its weight is one of the important factors why gold is highly valuable.
Apart from its weight, gold can be molded into almost any shape when it is in its pure form.
Gold bars can be transformed into jewelry, family heirlooms, and reliable conductors in various modern electrical instruments.
8. Oceans Contain Gold
Gold is found in ocean waters. The oceans contain roughly 20 million tons of valuable metal, valued at $771 trillion.
In the North Pacific and the Atlantic, there is supposedly one gram of gold for every 100 million metric tons of ocean water. The seafloor is also rich in gold. However, because of the depth of the ocean, gold deposits are difficult to locate and a mile or two underwater.
9. Gold is Ductile
Because of its extreme ductility, gold can be drawn out into thread or wire without breaking. It is actually possible to create a five-mile-long gold thread out of just one ounce of gold! Gold threads can then be utilized for manufacturing purposes or to make jewelry.
10. Gold Grows on Tree!
Every continent has produced gold, sometimes in unexpected ways. While mining is one method and has been used for more than 5,000 years, another is panning from riv ers, streams, or other bodies of water. The discovery of gold particles on Australian eucalyptus tree leaves is even more peculiar.
Benefits of Investing in Gold
There are various benefits to investing in gold
1. Protection Against the Risks of Inflation
Any investment you make will inevitably fluctuate over time due to inflation and price fluctuations. For this reason, if the value of cash decreases over time, experts advise against making any investments.
The rate is more likely to rise with gold, though, and investing in gold shields your savings from the dangers of inflation. Investors often prefer gold as it is a popular investment and one of the most reliable long-term options available.
2. Save Money for the Future
Investing in gold is a simple and secure method of setting money aside for your future. You can invest in gold coins and bars for the future. You may have to pay more than the going rate because the coins are authenticated and have a certificate.
3. Simple to Purchase and Sell
Selling and purchasing gold is simple. You can buy gold from one jewelry store and sell it to another. However, because many false varieties of gold are on the market, you should only buy gold from reputable and verified jewelers. Buying gold from reliable sources reduces risk because you will receive the original quality. This is the most significant benefit.
4. Maintenance Expense
Their best feature is that gold investments don't need much maintenance. Gold will not change in value over the next 100 years, so you can still buy it today.
5. Stability of Prices
The price stability that gold offers in comparison to other assets is one of its most significant investment benefits. Even in times of market turmoil, the prices of gold-related assets remain stable. Investing in gold is a popular choice when the market declines or when people are having financial problems.
Conclusion
In this piece, you have learned about 10 interesting facts about gold and its history. Gold's interesting facts and benefits may inspire you to invest in it.
One of the best ways to invest in gold is through gold bullion coins and bars, which can diversify your investment portfolio and enhance your collection with their intricate designs.
BOLD Precious Metals offers a large selection of gold bullion at the lowest prices, including coins and bars. BOLD is the perfect destination for investors of all levels - whether you're just starting out or already experienced. We provide excellent customer service and offer several convenient payment gateway options.
Today, enhance your portfolio with gold, silver, and platinum bullion from BOLD's vast inventory!
