Facts about Gold

Facts About

Did you Know? List of Interesting Facts about Gold
Facts are statements which are held to be true and often contrasted with opinions and beliefs. Our unusual and interesting facts about Gold, trivia and information, including some useful statistics will fascinate everyone from kids and children to adults.

Interesting Facts about Gold are as follows:

  • Fact 1 - Definition: A soft yellow metallic element (symbol Au), constituting the most precious metal used as a common commercial medium of exchange. Occurs mainly as nuggets in rocks and alluvial deposits

  • Fact 2 - Gold has been used throughout history as money.
  • Fact 3 - The price of gold is driven by supply and demand
  • Fact 4 - The Krugerrand is the most widely-held gold bullion coin
  • Fact 5 - Coins may be purchased from a variety of dealers including dealers who trade online
  • Fact 6 - During times of economic uncertainty many investors try to preserve their assets by investing in precious metals such as gold and silver.
  • Fact 7 - In the European Union (EU) the trading of recognised gold coins and bullion products are free of VAT
  • Fact 8 - Each continent has rich deposits of gold although experts consider that Australia, South Africa, China and Nevada are the most important producers
  • Fact 9 - Approximately 40 % of all the gold mined in the past 50 years came from the large deposit in South Africa, called the Rand which is situated in the Witwatersrand Basin
  • Fact 10 - The gold standard is a monetary system in which the standard economic unit of account is a fixed weight
  • Fact 11 - Karat or carat (abbreviation ct or kt) is the unit of measurement for the proportion of gold in an alloy; 18-karat is 75% gold; 24-karat is pure gold
  • Fact 12 - White gold is a pale precious metal alloy of gold usually with platinum or nickel or palladium
  • Fact 13 - Gold leaf is gold that is beaten into extremely thin sheets of gold foil which are used in gilding decorative objects
  • Fact 14 - The California Gold Rush (1848-1855) began on January 24, 1848, when gold was discovered by James W. Marshall at Sutter's Mill, in Coloma, California
  • Fact 15 - Major gold rushes took place in the 19th century in Australia, Brazil, Canada, South Africa, and the United States
  • Fact 16 - Fool's gold is Pyrite which, due to its shiny metallic luster and yellow color, has often been identified incorrectly as gold by the inexperienced prospectors. Fool's gold is actually a form of iron
  • Fact 17 - The Midas touch: King Midas from Greek mythology is famous for his ability to turn everything he touched into gold. This was called the Golden touch, or the Midas touch. This gift from the God Bacchus back fired on Midas as everything he touched including food, drinks and even his daughter transformed into the precious metal
  • Fact 18 - Many rivers contain gold in their sands, especially those of California and Guinea.
  • Fact 19 - Mines are of rare occurrence in Europe, but the metal is found in some of its rivers
  • Fact 20 - It is indestructible by air, water, or fire
  • Fact 21 - It is the heaviest of all metals, except platina; it is neither very elastic, nor very hard.

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