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Gold trivia: 5 amazing things about the yellow metal

Gold is very rare, produced largely in China, and is edible.

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Gold metal

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.

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Gold has always been a symbol of wealth for humankind. (Source)

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.

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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.

Michael Jermaine Cards has made a second home in Singapore for the past 15 years. As a business executive and a financial journalist, he has seen first hand the spectacular rise of Asia’s most prosperous country, especially in the IT sector. Today he still gets a front seat at the latest market developments, stock movements, and IT innovations. He keeps close to the Western fintech sphere through his contacts in his native New York. A family man with one son, he does business consulting in parallel to his writing.

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