Worldwide most people buy gold specifically for investment purposes or for protection against their economy for instance the instability of currencies like the dollar. However gold is not all about investing and protection but also as fun or tradition to own just like in Africa and Asia. Due to its value in the different economies in the world Gold become very precious for most governments to involve themselves with its possession which made it a necessity to protect yourself from inflation in different countries.
The following below are the main facts about gold:
- Gold is the only metal that is yellow or golden. Other metals will become or develop in to yellow only being oxidized or reacted with other chemicals unlike gold its naturally yellow.
- The largest percentage of gold on earth came from meteorites that bombarded the planet over 200 million years after it formed.
- The element symbol for gold is Au. Au comes from the old Latin name for gold called aurum which means shining dawn. This pure element has been known since the ancient times.
- Gold is ductile. A single ounce of gold can be stretched in a gold thread 5 miles long. I.e. gold threads can even be used as embroidery thread.
- Gold is a malleable element meaning it’s easily hammered in to thin sheets. Therefore being the most malleable element a single ounce of gold can be beaten out in to a sheet that is 300 square feet. A single sheet can even be made thin enough to become more transparent.
- Gold metal flakes may be eaten in foods or drinks because it’s considered non toxic much as it’s a heavy and dense metal.
- 24 karat gold is pure elemental gold, 18 karat gold is 75% pure gold, 14 karat gold is 58.5% pure gold and 10 karat gold is 41.7% pure gold. The remaining portion of the metal is usually silver which may also consist of other metals such as platinum, copper, palladium, zinc, nickel, ion and cadmium.
- Gold is also a noble metal that is relatively unreactive and resists degradation by air, moisture or acidic conditions. While acids dissolve most metals a special mixture of acids called aqua regia is used to dissolve gold.
- Gold as a precious metal has many uses apart from its monetary and symbolic value. Among other applications. It’s used in electronics, electrical wiring, dentistry, electronics, medicine, radiation shielding and to color glass. It’s these uses that have increased its demand all over the world due to its multipurpose in the economy.
- 24 karat gold is odorless and tasteless since it’s an uncreative metal it makes sense because metal ions are what confers flavor and odor to metallic elements and compounds.