Experts say that it’s always good to diversify your portfolio and make investments in both equities and commodities. This is so that when one sector of the market fails, you still have something to fall back on. Gold is a precious metal you can rely on as an investor. Below are five interesting gold trivia you may not have known before.
Gold trivia 1: First metal known
Gold is said to be the first metal used in history. Our ancestors used gold as jewelry and shaped them into decorative objects as well. Gold was the first metal widely known to humankind. Iron and copper may be the metals at forefront of our species’ economic and cultural development. Still, gold came first and has been linked to gods, immortality, and of course, wealth.
Gold trivia 2: Very rare
Gold is a very rare precious metal. It is said that the world produces more steel in an hour than all the gold ever mined in our history. It is so extraordinary that the largest reservoirs – estimated to be about 10 billion metric tons – are found underwater. Extracting is very impractical, hence mining is done on land. Most of the gold that has been discovered from the very beginning is still being circulated today.
Gold trivia 3: Can be eaten
Gold is also edible. Chefs use them as ingredients in luxurious foods, mostly desserts. Some premium alcoholic drinks also feature gold flakes. For instance, there is the edible gold leaf. This edible gold product used to decorate food, mostly desserts, and sweets. Some even serve pizza and burger with edible gold.
Gold trivia 4: China as largest producer
China is the leading gold producer worldwide. In 2012, it produced almost 14 percent of all the world’s gold. The United States, meanwhile, has the most gold in terms of reserves. But when it comes to decorative gold, look to India–the threads used to make their saris make use of over 20 percent in gold ornamentation.
Gold trivia 5: Aerospace use
NASA uses gold to protect our astronauts as well as space equipment against radiation. Once they leave the earth’s surface, the ozone layer can no longer shelter them from the harmful rays of the sun. Gold is ideal as it does not rust or corrode (unlike copper and silver). An astronaut’s sun visor, in fact, is also coated with a thin layer of gold.
Upgrading school safety—how should it be done?
Companies with safety enhancement solutions will find opportunities in schools looking to upgrade their safety measures.
Expat leadership: Lessons from hugely successful immigrant women
Here are three things powerful immigrant professionals have in common that can help any aspiring workplace "outsider" lead a team.
Precious metals rise amid expectations of a Fed rate cut in July
Gold and the precious metals all rose as expectations rise for a Fed rate cut at the July FOMC.
Brain-powered hearing aids: The next big thing in biotech?
A team at Columbia University is creating hearing aids that use artificial intelligence (AI) and brain wave monitoring, bringing brain-powered...
Why feasibility studies are crucial when searching for specific types of upcoming projects
Feasibility studies indicate the potential of upcoming contracting opportunities in the public sector marketplace.
- Business3 weeks ago
Why big data and machine learning is the future for commercial real estate
- Sponsored3 weeks ago
What the second half of 2019 holds for Bitcoin in Africa
- Crypto3 weeks ago
Using blockchain in high fashion
- Sponsored3 weeks ago
4 misconceptions retailers still have about sales analytics