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.
The TopRanked.io Weekly Digest: What’s Hot in Affiliate Marketing [++ KuCoin Affiliate Program Review]
This week, we answer the two questions on everyone’s lips — What do SJWs and e/accs have in common? And...
BIPV Boom: By 2032, Building Integrated Photovoltaics Will Be Worth Over $143B
The next moves by the European Commission and the trend toward a real estate stock composed of Zero Emission Buildings...
French Fintech Company Qonto Launches SME Financing in Italy
Qonto is expanding its financial solutions for SMEs and professionals in Europe, launching the option for companies in Italy to...
Trusters and Leone Investments Finally Receive Approval Under EU Regulation
After almost a month under the new EU Regulation, two platforms, including the historic Trusters launched in 2018 and the...
Coinbase Wallet Has a New Feature: Send Crypto via Web Link
The exciting part is actually in the small print: This is because Coinbase covers the fees for transactions via stablecoin...
Impact Investing1 week ago
Hi-Tech Buoy to Clean Up the Seas Created by Jelter
Crypto1 day ago
LUNC Capitalization Exceeds $1 billion – How High Will the Price Go?
Biotech2 weeks ago
Novo Nordisk Invests €2.1 Billion in Its French Plant
Crowdfunding1 week ago
Recrowd, Real Estate Lending Platform, Finally Gets European Authorization