The Gold Rush Is Still On And More Powerful Than Ever
Gold is one of the chemical elements. It’s atomic number is 79. This valuable precious metal is sought around the world. Gold is used for several different purposes like jewelry.
You can find gold in the form of nuggets or grains within rocks. Sometimes gold is found in places inside of rocks called veins. Veins are spaces in a rock that contain things like crystals.
Gold has distinct characteristics that make it what it is. It is soft, shapable, shiny, and dense. Because it is soft, gold is one of the most malleable metals known to man. This means it can be hammered down into thin sheets and used in a whole bunch of different ways.
What is pure gold? Pure gold is just that. Gold. No additives or preservatives. It has a bright yellow luster and is considered very attractive. The best part about pure gold is its ability to keep its shine. It doesn’t oxidize in air or water.
Pure gold is too soft for day to day use. To get around this people added things to it to make it harder. The used base metals like copper to give it strength. Because of this there was a need to create a measure for the amount of pure gold in an item. The unit of measure became known as the carat (k).
How much gold is there in the world? There was a study done in the year 2006. This study found that by the end of 2006 about 158,000 tons of gold had been pulled from the earth. That’s a whole lot of gold.
What is gold used for today? Gold has many uses in our world. One being in modern dentistry due to gold’s unique ability to resist oxidation and corrosion. It is also used in electronics for its ability to conduct electricity. Gold is an excellent quality metal.
Today we use paper money, but that was not always the case. In the past gold was used for money. The reason that stopped is because there is only so much gold in the world. With paper money you can print as much as you want without fear of hitting a limit. Switzerland in 1999 was the last country to switch from gold to paper money.
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