The well-known history of gold goes back a long time, so much so that, according to the National Mining Association, the cultures of present-day Eastern Europe used it for the first time in 4000 BC. C. to make decorative objects. Gold was first discovered as bright yellow nuggets, and today it is a popular investment option for those looking to diversify their portfolio with a Gold IRA. Without a doubt, it was the first metal known to the first hominids.
Gold became part of all human cultures. Its brilliance, natural beauty and brilliance, and its great malleability and resistance to tarnishing made it pleasant to work and play with. Because gold is so dispersed throughout the geological world, its discovery occurred in many different groups in many different locations. And almost everyone who found it was impressed with it, as was the developing culture in which they lived.
Gold was the first metal widely known to our species. When thinking about the historical progress of technology, we consider that the development of the iron and copper industry is the greatest contribution to the economic and cultural progress of our species, but gold came first. Gold is the easiest metal to work with. It is in a practically pure and viable state, while most other metals tend to be found in mineral deposits that make it difficult to melt.
The first uses of gold were undoubtedly ornamental, and its brilliance and permanence (it does not corrode or tarnish) linked it to the deities and royalty of primitive civilizations. Gold has always been a powerful thing. We have long since lost the oldest story of human interaction with gold, but its association with the gods, with immortality and with one's own wealth are common in many cultures around the world. The first civilizations equated gold with the gods and rulers, and gold was sought in its name and dedicated it to its glorification.
Humans value gold almost intuitively, equating it with power, beauty and the cultural elite. And since gold is widely distributed around the world, we find this same thought about gold in all ancient and modern civilizations around the world. Gold, beauty and power have always gone hand in hand. In ancient times, gold became sanctuaries and idols (“the golden calf”), plates, cups, vases and vases of all kinds and, of course, into jewelry for personal adornment.
The treasure of the “Gold of Troy”, excavated in Turkey and dating from the time 2450 -2600 BC. . It was a time when gold was highly valued, but it had not yet become money in and of itself. Rather, it was owned by the powerful and well-connected, or it became objects of worship or was used to decorate sacred places.
The “value” of gold was accepted all over the world. Today, as in ancient times, the intrinsic appeal of gold itself has that universal appeal to humans. But how did gold become a commodity, a unit of measurable value? Gold was money in ancient Greece. The Greeks were mining gold in the Mediterranean and the Middle East regions around 550 BC.
Gold was associated with water (that's logical, since most of it was found in streams), and gold was supposed to be a particularly dense combination of water and sunlight. The Incas referred to gold as the “tears of the sun”. In ancient Egypt, around the time of Seti I (1320 BC, C. Nowadays, in the Turin Museum there is a papyrus and fragments known as the “Carte des mines d'or”.
It represents gold mines, mining neighborhoods, roads leading to mines and gold mountains, etc. Where is that gold mine located? Well, you know the thing about treasure maps: there's always something a little vague about them that keeps you off track. Modern thinking is that it portrays the Wadi Fawakhir region, where the El Sid gold mine is located, but the matter is far from being resolved. Jason and the Argonauts searched for the Golden Fleece around 1200 BC.
This Greek myth makes more sense when you realize that the fleece you're referring to is sheep's fleece used to recover fine pleasure gold. The first miners used hydraulic energy to propel golden sand onto the skin of a sheep, which would trap small, but heavy, gold scales. When the fleece had absorbed everything it could hold, this “golden fleece” was hung to dry and, when dry, it was gently tapped so that the gold would fall off and recover. The first use of gold as money occurred around 700 BC.
They were simply stamped pieces of a mixture of 63% gold and 27% silver known as “electrum”. Nowadays, we still talk about the ultra-rich as “rich” like Croesus. At the time of the death of Alexander of Macedon (323 BC). Some of the mines were owned by the state, others were operated privately with a royalty paid to the state.
In addition, nomads, such as the Scythians and the Cimmerians, worked in pleasure mines throughout the region. Both the surviving Greek gold coins and the Scythian jewelry show magnificent art. The Roman Empire promoted the search for gold. The Romans mined gold extensively throughout their empire and greatly promoted the science of gold mining.
They hydraulically diverted water streams to the mine and built gates and the first “long wells”. They were able to exploit the old mines more efficiently and, of course, their main workers were prisoners of war, slaves and convicts. A monetary standard made the world economy possible. The concept of money, (that is,.
During the classic period of Greek and Roman rule in the Western world, both gold and silver flowed to India for spices and to China for silk. At the height of the Empire (A, D. RECEIVE INTERESTING ITEMS & SPECIAL OFFERS if you wish In addition to betting on gold, silver, platinum and palladium in the form of coins and ingots, we also buy a wide range of numismatic coins. We have especially strong offers for old American gold coins.
Central Avenue, 11th Floor, Phoenix, AZ 85012 Get timely prices and special offers emailed to you every day. From the ancient Egyptians to the modern United States,. Treasure, there are few metals that have played such an influential role in human history as gold. Why is gold so important? What is the inherent value of gold? Will gold continue to be valuable in the future? Today I'm going to answer those questions and share with you the history of gold.
Most archaeological evidence shows that humans who came into contact with gold were impressed by the metal. Since gold is found all over the world, it has been mentioned numerous times in ancient historical texts. The Egyptians also produced gold maps, some of which survive to this day. These gold maps described where to find gold mines and several gold deposits in the Egyptian kingdom.
As much as the Egyptians loved gold, they never used it as a bartering tool. Instead, most Egyptians used agricultural products such as barley as a form of de facto money. The first known civilization to use gold as currency was the Kingdom of Lydia, an ancient civilization centered in western Turkey. Later in history, the ancient Greeks saw gold as a symbol of social status and as a form of glory among immortal gods and demigods.
Mortal humans could use gold as a sign of wealth, and gold was also a form of currency. Contrary to what you might think, the Olympic tradition of handing out gold medals to winners did not begin until the modern Olympic Games and has little to do with Greek tradition. Congress passed the Currency and Coins Act. This law established a fixed price of gold in terms of the U.S.
UU. Gold and silver coins became legal tender in the United States, as did the Spanish real (a silver coin of the Spanish Empire). That proportion would change after the Civil War. During the Civil War, the United States,.
He couldn't pay all his debts with gold or silver. In 1862, paper money was declared legal tender, marking the first time that fiat currency (not convertible on demand at a fixed rate) was used as official currency in the United States. The United States would never use silver dollars again. At the end of the 19th century, the topic continued to be an important political issue.
In 1900, the gold dollar was declared to be the standard unit of account in the United States and banknotes were issued to represent the country's gold reserves. Throughout the 19th century, several gold fevers occurred. Since a single gold nugget could make someone a millionaire, prospectors rushed to distant corners of the planet in search of wealth. The two world wars wreaked havoc on the gold standard and on global financial markets.
Of course, it didn't help that the Great Depression occurred between those two wars. After decades of war and conflict, world leaders united under the Bretton Woods Agreements. This system created a gold exchange pattern in which the price of gold was fixed in the U.S. This was a radical experiment that had never been done before and that made the United States very powerful in world markets.
The dollar was chosen for the Bretton Woods system because the United States was easily the strongest economy in the world after World War II. Unlike European nations that were formerly strong, the United States did not have to repair infrastructure or fix cities that had been bombed during the war. The day the price of gold was linked to the United States. The dollar is one of the most important points in the United States.
Between 1971 and 1976, several attempts were made to save the gold standard. However, the price of gold continued to rise beyond what any currency could sustain. Of course, that doesn't mean that countries have sold all their gold or that their currencies aren't based on anything. Most countries in the world maintain large gold reserves to defend their currency against possible future emergencies.
As with everything called “classified” in the United States, there are many conspiracy theorists who argue that Fort Knox is actually empty and that the gold is stored somewhere secret or doesn't exist at all. You'll have to figure that out on your own. When looking at gold investment charts, it's important to recognize inflation. Some charts show the price of gold practically as a straight line from the lower left corner of the chart to the upper right corner.
Like any commodity, it is impossible to accurately predict the price of gold. Many have tried and many have failed. Every day, thousands of investors around the world study all the metrics involved in the price of gold. Some of these experts will take all of this information and accurately predict the future price of gold, while other experts will see the same information and guess wrong.
If you want to get rich with gold, then you need to find experts you trust. Find an expert who has accurately predicted several peaks in the value of gold throughout history. Find someone who will take all the information available and use it to make an informed decision. Or try researching the information yourself and see if you can guess correctly.
Ultimately, the price of gold has grown fairly steadily over the past few decades, and many experts predict that it will continue its gradual rise over the next few years. This site uses Akismet to reduce spam. Find out how your comment data is processed. Homer, in The Iliad and the Odyssey, mentions gold as the glory of immortals and a sign of wealth among ordinary humans.
It is known that gold was first acquired by ancient human societies in the fourth millennium BC, a time when copper and metals began to be used more frequently. .