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The Attraction Of Gold Through Ages

The Attraction Of Gold Through Ages


    

The Attraction Of Gold Through Ages

by Jack Wagon

Through the ages, men and women have cherished gold, and many have had a compelling desire to amass great quantities of it--so compelling a desire, in fact, that the frantic need to seek and hoard gold, has been rightly named gold fever.

Gold is the oldest valuable metal well known to man. It was amongst the earliest metals to be mined for the reason that it normally occurs in its untainted form, not collective with other elements. Gold has always been a fascination. Man, wishes to get it, and man has gone to conflicts for it. Earliest man correlated gold to sun, and thought that it was a resource of immense supremacy. Ever since early times, gold has been thought to have acuity of prosperity.

The narration of gold begins in far-flung ancient times. It is not well known when this metal was first revealed, but people have been using gold to make jewellery from the time of Stone Age. Gold signifies prosperity and exquisiteness. Artisans of ancient civilisations used gold sumptuously in decorating tombs, temples, and palaces of emperors. It is assumed that appropriate gold mining took place as early as 4000 B.C., just about 3000 B.C. The summer civilisation of southern Iraq used gold to generate an extensive variety of jewellery, and other ornaments, often using complicated, and diverse styles.

Gold was established as standard medium for exchange in the international trade in the year 1500 B.C. during the same period, various methods of checking the purity of gold were also devised. The gold coins were used for the first time by the Citizens of Kingdom of Lydia (western Turkey) in 700B.C. to satisfy their greed of gold, European armies looted Inca and Mayan civilisations during the Middle Ages. Gold was equated with gods and rulers, and it was sought in their name, and was dedicated to their glorification in most of the ancient civilisations.

Great human achievements are frequently rewarded with gold, in the form of gold medals and decorations. Ancient kings and emperors always used to offer gold as gift or award to those who had performed great feats of bravery in wars and battles. Similarly, winners of athletic events and other such competitions are usually awarded with gold medals.

Gold is called a "noble" metal (an alchemistic term), because it does not oxidize (gets rusty) under ordinary conditions. Its chemical symbol Au is derived from the Latin word "aurum." In pure form, gold has a metallic lustre and is sun yellow in colour. Another remarkable property of gold is that pure gold is chemically un-reactive.

Gold is a precious metal for coinage, jewellery, and other arts. When paper money was introduced, it was in fact a receipt redeemable for gold. In an economic system known as the gold standard, a certain weight of gold was given the name of a unit of currency. In 1792 the U.S. Congress adopted a bimetallic standard (gold and silver) for the currency of the new nation, with gold valued at $19.30 per troy ounce. After World War II, gold was replaced by a system of convertible currency following the Bretton Woods system.

The worth of gold has been established all over the globe since ancient times; it has been the most required after metal ever since.

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