One of the most well liked, attractive, and mesmerizing metal that is loved by everyone around is Gold. Gold once used for coins has now gained immense popularity in masses because of its charm. People attach status symbolism with Gold. Due to the heavy investments made to process Gold, investors all over the world spend millions of pounds to start up Gold business. It is found in scarcity; therefore, people want to acquire large quantities of Gold, and spend huge sums of money in doing so. Gold has a natural shine, which makes it one of the most desirable metals. It is considered more valuable than silver. There are many facts about Gold that can be found on internet, in books and magazines, but I will talk about a few, most significant, facts about Gold.

In the contemporary world, gold is still considered as the vital medium that can provide individuals with secure wealth. It is known to be the best and risk-free investment and thus, seen as the only true money that can retain value for many years.

The yearly production of gold from all the countries in the world fits into a 14 inch cube, which is approximately the size of a living room. Thus, if states want to trade and purchase gold on an ounce basis, they will take a yearly delivery/supply for the next two hundred years.

The largest stockpile of gold is essentially five stories underground in New York, securely reserved in the cellar of Federal Reserve Bank. This formulates up to 25% of the gold stockpile of the world, which is comparable to 540,000 gold bars. However, the majority of this gold is originally possessed by foreign governments.

The purity of gold is calculated in Carats. A Carat was initially a unit of mass (weight) based on the Carob seed or bean, which was utilized by prehistoric merchants in the Middle East. The Carat is still employed for the mass of gem stones, where 1 carat = 200mg. For gold, it is used to calculate the purity of it, where pure gold is regarded as 24 carats.

Every component is specified with a chemical sign and is also demonstrated in the periodic table. The symbol allocated to gold is Au, which has its derivation from the Latin word aurum, which signifies “shining dawn” and from Aurora as well, who is regarded as the Roman goddess of dawn. Romans initiated producing coins called the Aureus and the smaller ones were called solidus.

Gold and copper were the foremost metals to be revealed by man, around 5000BC, and collectively with silver, these three metals are discovered in the metallic condition in the earth crust. Gold is still excavated in its metallic form in over 60 countries around the globe.

Gold has a first-rate chemical firmness with a high resistance to decomposition and corrosion. Egyptian civilization is counted as amongst those civilizations, which endorsed gold to their gods. They used to suppose that gold was the covering or flesh of their gods, particularly of the sun god Ra. For that reason, gold was only accessible to Pharaohs and no one inferior to them.

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