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Gold

Gold history

By Mahendrarajah MithusharanPublished 3 years ago 3 min read

Gold is a chemical element with the symbol Au (from Latin: aurum) and atomic number 79, making it one of the higher atomic number elements that occur naturally. In a pure form, it is a bright, slightly reddish yellow, dense, soft, malleable, and ductile metal. A relatively rare element, gold is a precious metal that has been used for coinage, jewelry, and other arts throughout recorded history. In the past, a gold standard was often implemented as a monetary policy, but gold coins ceased to be minted as a circulating currency in the 1930s, and the world gold standard was abandoned for a fiat currency system after 1971. A total of 197,576 tonnes of gold exists above ground, as of 2019.Gold is primarily used in jewelry, but is also used in other applications such as in electronics, medicine, and aerospace. Gold is also used in finance and investment, with gold-backed exchange-traded funds and gold futures contracts being popular options. Gold is also used in industry and in the arts, and is sometimes used as a store of value or a hedge against currency fluctuations and inflation.

Gold mining is the process of mining gold from the earth. There are several techniques and processes by which gold may be extracted from the earth, including placer mining, panning, sluicing, dredging, hard rock mining, and by-product mining. The mining of gold can have significant environmental and social impacts, including destruction of habitats, pollution of water sources, and displacement of local communities.

Overall, gold is a valuable and widely used resource, but its extraction and use also have consequences that should be considered.In addition to its uses in jewelry, industry and finance, gold has also been used for medicinal purposes for centuries. Historically, gold compounds were used to treat a variety of illnesses, including rheumatoid arthritis and tuberculosis. Today, gold compounds are used in certain cancer treatments, such as the treatment of rheumatoid arthritis and certain types of cancer. The use of gold in medicine is known as chrysotherapy.

Gold is also used in the field of dentistry, where it is used to make fillings, crowns and bridges. Gold is biocompatible, and does not react with other elements in the mouth, making it an ideal material for dental work.

Gold is also used in the aerospace industry, in applications such as satellites and spacecraft, due to its ability to reflect infrared radiation and its high electrical conductivity.

In summary, gold is a versatile and valuable element that has many uses in various fields such as jewelry, industry, finance, medicine, dentistry and aerospaceAnother interesting aspect of gold is its history and cultural significance. Gold has been valued and coveted by humans for thousands of years, and has played a significant role in the development of civilizations and cultures around the world.

In ancient times, gold was used to create intricate pieces of jewelry and to make coins and other forms of currency. It was also used to create religious and ceremonial objects, and was often associated with wealth and power.

Gold has also been used as a symbol of wealth and status, and has been used to create symbols of authority and power, such as crowns, scepters, and other regalia.

In many cultures, gold is also associated with the sun and with the color yellow, and is often used to create artwork and other decorative objects.

Gold also has a significant role in many religions, as a symbol of wealth and purity, and is often used in religious ceremonies and rituals.

Overall, gold has a rich history and cultural significance and has played a significant role in the development of human civilization, culture, and art.

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