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History Of Gold

Part of the beauty and allure of gold is that it has played a part in almost every culture around the world. A common idea amongst these cultures is that gold represents wealth, brilliance and power. In some cultures, gold was primarily linked to the Gods and many Idols and Statues were either crafted of solid gold or adorned with gold in some way.

The earliest records we have of gold date all the way back to 3100 B.C. The Egyptians of that time created a value scale for gold, stating that one component of gold was equal to roughly two and a half components of silver. Although no written record documenting the use of gold dates back to before this time, it is a thought shared among many gold experts that the human fascination with gold started with our very existence.

It wasn't until about 700 B.C. that gold was first introduced as an element that had monetary value. Among the first to manufacture gold coins were Lydian Traders who combined a percentage of gold and silver to create a coin that held a designated amount of value. Many other countries and cultures began to grasp this concept and manufacture gold coins of their one, making gold a universally traded material.

When gold became a means to become rich, wealthy and provide for a family, everyone wanted to find gold. Naturally, those that didn't have it wanted it and those that did have it wanted more. This gave birth to the great gold rushes of our time. The Victorian Gold Rush, The California Gold Rush and The Australian Gold Rush made gold more popular than it had ever been. As a whole, people soon began to realize that gold was a precious commodity - they were finding less and less of the valuable metal. After the understanding set in that gold was not a renewable resource, the trade of gold became more and more popular.

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