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Sunday, 19 August 2012

An Interesting History of Gold

By James Suingi


Gold is actually a soft, dense, shiny, malleable and ductile metal, and is usually a chemical element with the symbol Au and atomic number 79.

Unlike currency trading, gold has been as a precious item since ages ago by many people and can be bought in various forms - jewellery, golden nuggets for investments and also in various industries; for example, restaurants, whereby gold leaf are used for decorations in cuisines.

This has led many people to wonder where or even how gold became part of our lives? Gold was first used as a vehicle for monetary exchange in the olden days; the first gold coins from the Grecian age were discovered approximately around 700 B.C.E. Gold is the oldest precious metal known to man and has a long and complex history. From gold's first discovery, it has symbolized wealth and guaranteed power. Homer, in the "Iliad" and "Odyssey," makes mention of gold as the glory of the immortals and a sign of wealth among ordinary humans.

Gold has always been equated with the upper class: the gods and rulers. During the time of Moses, the nation of Israel offered sacrifices to a "Golden Calf". Gold is considered to be of high value. It represents beauty, power and cultural elite. The same belief is entrenched in cultures in different continents around the world.

At 4000 B.C, gold was utilized as decorative objects in Eastern Europe. Ancient miners probably located the gold inside the Transylvanian Alps or the Mount Pangaion spot in Thrace. This really is a strong evidence that gold was utilized to represent wealth and these who very own significant amounts of it are deemed strong in society.

Gold became cash. Gold's beauty, scarcity, unique density and the ease by which it may very well be melted, formed, and measured made it a suitable trading commodity.Gold has as a result been scouted the world over for its numerous uses at the same time as rarity, to this day. As for the present time, as aforementioned, gold are very easily identified in huge forms of jewellery, bullions for bullions for forex investment, as well as utilized in a variety of industries for dental practices and so on.

Gold is highly valued in many societies throughout the ages and even has an instrumental value to the society of gold buyers today as it may symbolize power, strength, wealth, warmth, happiness, love, hope, optimism, intelligence, justice, balance, perfection, summer, harvest and the sun. Its beauty is beyond words; hence its presence in the world is definitely everlasting.




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