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Gold is a soft, corrosion-resistant element and is the most malleable and ductile metal. Gold is a great thermal and electrical conductor. This element is generally alloyed to increase its strength. The Melting point of gold is 1337.58 °K and contains a boiling point of 3080 °K in recent years gold has had a significant impact on the economy it’s known to rarely decrease in price, and many people have lately invested in gold. Gold is a jewelry metal and has been used in jewelry dating back many centuries in countries like Iraq. Gold comes in a few forms white gold, rose gold, and yellow gold, white gold was invented in the 19th century when it was alloyed with palladium it gained popularity in 1912 in Germany as a low-cost substitute for platinum. Gold didnt only support the economy by selling tangible items and jewelry but was previously used as a currency the first official declaration of gold as currency was around 600 BC when king alyattes of Lydia an ancient kingdom that is now known to many as turkey, An alloy of silver and gold as electrum was used to create coins. Egypt was Also one of the first ancient Nations to heavily involve gold as gold was used in many ways it was prized by pharaohs and placed in their tombs. In this essay, we will discuss gold and its properties.
Gold contains an Atomic Number of 79 meaning it has 79 protons, and it has an atomic mass of 197 so if we calculate its properties (197-79=118) meaning gold has 118 Neutrons gold is a precious metal meaning it is used in a range of ways. 45% of the world’s gold supply is locked and vaulted and is currently in gold bars. Do many people wonder if gold is really gold? Real Gold is a very dense metal real gold also doesnt rust or tarnish. Let’s take a look at how gold has an impact on the Economy, Gold has been a very smart investment for decades according to my research from 1970 till 2011 gold has risen from 35$ to 2000$ an ounce. As a matter of fact, Any country that exports Gold or may have access to high amounts of gold will see an increase in its own currency as gold prices increase. This is caused because it will increase the total of the country’s total exports. Also in some cases, you can tell how wealthy or how stable the economy is judging from the Price Rates of gold. But not everything about gold’s impact on society is positive Gold has changed the world gold has begun to destroy the world’s precious environment and many people have created illegal gold mines which cause social conflicts and instability in society and the economy last but not least gold has created an economic dependence too poor farmers and laborers. Currently, The United States is leading in gold as they have the biggest amount of gold exported weighing in at approximately 8100 tons. But let’s take the United States as an example, When the Value of the USD (United States Dollar) increases like many other currencies around the world the price of gold seems to fall the reason for this logic is there Tend to be fewer Buyers and fewer buyers results in a decrease in demand for gold. Gold is discovered in small nuggets and then formed into bars or items of jewelry because as we mentioned before gold can easily be formed into different things.
Gold has a unique Measurement system which is known as karats, Karats is a measurement of purity one karat is 1/24th of the mass which means 24 karats are pure but usually gold is alloyed with a metal like copper or silver to make jewelry because 24 karat gold is too soft
What does the future of gold hold? In the past, many tried to predict the price of gold but we never got an accurate result. Every day investors study hours upon hours they study things such as metrics involved in gold some experts may gather this information and come out with an accurate outcome while others take the same results and guess wrong. Many have questions such as whether will gold ever rise over 2000$ an ounce or will it have a crisis and reach shocking prices such as below 1000$ the history of gold is still in the making and this precious element will forever be cherished and thought after.
In Conclusion, we can now understand gold’s importance and its impact on Our modern-day Economy, society, and politics. Many people are not very well educated about this precious element and its properties leading to many common misconceptions which.
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