Interesting Facts about Gold
Posted on: 15th November 2010 By Anita
The World’s Largest Gold Bar – 250KG

Here’s some interesting facts about Gold…

• Chemical symbol is Au from the Latin word ‘aurum’ which means “shining dawn”
• A carat was originally a unit of mass based on the carob seed used by ancient merchants
• Gold was discovered in Ancient times and used by the ancient South Americans, Asians, Egyptians, Greeks, Romans and Chinese
• A total of 165,000 tonnes of gold have been mined in human history, as of 2009. This is roughly equivalent to 5.3 billion troy ounces or, in terms of volume, about 8,500 cubic meters
• The largest gold nugget ever found weighed 195 pounds
• It is mentioned in the Bible
• The purity of gold is measured in Carats
• The Carat is still used for the weight of gem stones where 1 carat = 200mg
• Pure gold is 24 carats
• Oceans are the greatest single reservoir of gold at Earth’s surface, containing approximately eight times the total quantity of gold mined to date. However, the current cost of extracting it is more than the gold is worth. • About 10 billion tons of gold are estimated to be held in suspension in the oceans of the world
• The oldest gold jewelery used by man is dated to 3500 BC
• Pure gold is expensive and not very practical to wear owing to its extra softness. Therefore, it is mixed with other metals mainly copper and silver. Compared with other metals, gold is much softer
• Gold is the most malleable and ductile of all metals; a single gram can be beaten into a sheet of 1 square meter, or an ounce into 300 square feet
• It can even be hammered so very thin that the light of the sun can shine through it
• The melting point of gold is 1064.18 °C

If you are considering selling gold jewellery, gold bullion, gold coins or any form of gold talk with New Zealand’s Gold BuyersGold Smart today.