10 facts you need to know about Gold

- June 2017 -

Sinces ages, gold has fascinated mankind. Of all valueable metals, only gold has all four basic characteristics: beauty, rarity, durability, and utility. This make gold more prominent and desire above all other metals. Here more interesting facts about gold.

 

golden earrings by jeweller Kayo Saito1. Gold is an ancient element on earth and originate in quartz veins, found in rocks of not less than 500-600 million years old ,either formed by volcanose or rock layers transformed by heat and high pressure.

2. Bits of natural gold were found in Spanish carved used by the Paleolithic Man about 40,000 B.C. But the earliest gold jewelry dates from the Sumer civilization in between the Tigris and Euphrates rivers in Southern Iraq. Bracelets, chains and earrings of great elegance were worn by both men and women of the Sumer civilization around 3,000 B.C.The second major archeological find of early jewelry was in the Royal tombs of Ur, in Mesopo-tamia, dated to around 2,600 B.C. where gold articles made of lost wax casting included a wild as on the rein ring of a chariot.

3. Gold is a durable and a valuable metal. It does not react with oxygen and thus when exposed to air it will not tarnish, rust or decay. A well-known example is the treasure of Pharaoh Tutankhamen, who died 1350 BC. His body was buried in a pyramid with him, and discovered in 1922. His golden treasure still shine and sparkle with equal intensity and is estimated to be the most valuable golden treasure on earth.

golden necklace by jeweller Kayo Saito4. The weight of gold is mostly expressed in grams and accepted internationally.
Gold's purity is measured in karat. The term "Karat" harks back to the ancient bazaars where "carob" beans were used to weigh precious metals by ancient merchants in the Middle East. Carat with a C is used to weight gemstones.

5. Since thousands of years, gold has been used for its medical benefits. Many ancient cultures, as in China, used gold-based medicinal preparations. Thin gold-foil were than placed into tea, sake and food were beneficial to health. Psychiatrists used gold to help depressd patients. In other civilisations gold was used to heal stomach problems, digestive problems, rheumatism, cancer, closing wounds and scars.

6. The Egyptains were the first people in the world to use gold to pay their debts, from a belief that the Pharaohs monopolized gold trading , and preferred tax payment in gold.

7. Gold has been uses in dentistry for almost 3000 years. The Etruscans in the 7th century B.C. used gold wire to fix substitute teeth when their own were lost. In the 16th century an early dental textbook recommended gold leaf for filling carvities. Approximately, dentists use 13 tons of gold every year inside our mouths!

brooch in gold by jeweller Kayo Saito8. Gold has always been recycled becaused of its inherent high value. Modern jewelry, dental crowns and IT devises may contain some gold that was mined in prehistoric times and formed part of a valued gold artifact or jewelry belonging to royalty or other high placed official in ancient civilizations. Today, at least 15% of total gold consumption is recycled each year.

9. If we include jewelry ownership, India could be the largest repositury of gold in terms of total gold within the national boundaries. In terms of personal ownership, it is not known who owns the most, but it could be possibly a member of a ruling royal family in the East owns the most.

10. Thomson Reuters GFMS, which produces annual gold surveys, esteems there is around 171,300 tonnes of gold above the earth (in circulation). Countries are increasing their goldreserve. so that in term of national gold reserves, most gold is owned by the USA followed by Germany and the IMF.

 

Images ©Kayo Saito. Text ©World Luxury Jewellers
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