Gold has long been the most sought after metal on Earth and it/s easy to see why. Gold’s characteristics make it perfect for a vast array of different uses. From the beginning of recorded history, humans have been searching for gold, whether the conquistadors of Spain or the explorers of China.
The first use most people think of when they hear the word gold is jewelry and for good reason. Gold is highly malleable, allowing jewelers to shape and mold gold in a number of different ways, creating necklaces, rings, and other pieces of jewelry more easily than other metals. Additionally, gold is unparalleled in its resistance to tarnishing, meaning it will maintain its beauty for decades or even centuries.
Gold has always been sought after for its use in jewelry and that’s no different today. Vast collections of gold jewelry have been found in the tombs of kings and the pyramids of Egypt. Today, of all the gold consumed each year, 78% goes toward the creation of jewelry.
These same qualities that make gold ideal for jewelry also makes it a perfect metal for coins, another application that’s been in place for thousands of years. Gold has been used as currency for about twenty-five hundred years and, until recently, was the primary means of currency, either directly through gold coins or indirectly through paper money that was backed by gold.