What is Gold?
Gold is a chemical element with the symbol Au and
atomic number 79, making it one of the higher atomic number elements that occur
naturally. In its purest form, it is a bright, slightly reddish yellow, dense,
soft, malleable, anwid ductile metal. Chemically, gold is a transition metal
and a group 11 element.
History of Gold
The German Gothic language expressed gold with the
word gulþa which
later evolved into geolu in
the Old English language. Geolu is
translated to mean "yellow", thus
naming the metal for it's most dominant
characteristic; its golden yellow colour. In the twelfth century, Middle
English brought another evolution to the word and our modern word, gold, came
into existence.
The chemical symbol for Gold on the periodic table
of elements is AU. This symbol is a tribute to the Latin word, aurum, loosely
translated "glowing dawn" which was
used to describe gold in Ancient Rome.
From the ancient civilizations of
Greece, Egypt, Nubia and Rome, gold has been a centerpiece of trade and commerce
The elemental symbol of gold is AU.
Derived from the
Latin word, Aurum, which
was used by the Greeks as the word for gold.
How is gold mined?
Gold is
mined by 4 different approaches. Each of the approaches has it's own
unique methods of extracting the gold from the surrounding materials.
- hard rock mining,
- Placer
mining, - Byproduct mining
- and by processing
gold ore.
In placer mining,
the gold is
retrieved by metal detecting, panning,
cradling, sluicing and dredging. Using gravity and water to separate the dense
gold from the other materials that surround it, this is the most common gold
mining category for amateur gold hunters.
Hard rock mining is the
process of using open pit or underground mining
tunnels to retrieve the gold from the rock. This method of gold mining is
responsible for recovering most of the world’s
gold supply.
The final category of gold mining is the processing
of Gold ore. This method is largely becoming
deprecated as the yield of Gold is often very low and the environmental impact
and costs of the operation are substantial. The Gold ore is finely crushed rock
or earth containing trace amounts of Gold, which are
extracted using a chemical process. The most
commonly used chemical for this process is Cyanide.
Refining of gold
Refining means to remove impurities or unwanted
elements. The method of refining gold involves
Refining with flame is one of
the oldest methods of refining metals. Mentioned even in the bible, refining by
fire is the preferable method for larger quantities of gold.
In ancient times, this form of refining involved a craftsman
sitting next to a hot fire with molten gold in a crucible being stirred and
skimmed to remove the impurities or dross that rose to the top of the molten
metal. With flames reaching temperatures in excess of 1000 degrees
Celsius, this job was definitely a dangerous occupation for the gold refiner.
The
use of chemicals. Strong acids are used to
dissolve the impurities in the gold ore and afterwards, are neutralized and
washed away, taking the impurities with them.
The power of Gold
Scientists
have long known that veins of gold are formed by mineral deposition
from hot fluids flowing through cracks deep in Earth's crust.
Gold
has so many wonders, the way it spreads underneath, how it is
discovered, the way it is dug/mined from soil, the way it is collected,
the way it separated from soil or sand.
Gold
is found in specific places. People of ancient days had their own ways of
discovering which places had Gold. It is on record that if someone is filthily rich
must be having something he or she uses that has gold or is gold
coated.
Gold
has much power in the world; The most expensive things in the world are Gold
made.
How people sacrifice for Gold
Gold
has a lot of powers from God, and I have seen it worldwide that
they give all winners Gold medals or awards, every winner has his own belief
and worship. They make different sacrifices to attain that award.
WhyGold is the power of Economy, Why invest in Gold?
Most
of the wealth own Gold. I can say it with confidence most of the rich people
prefer Gold made things. Gold miners make rituals according to their
beliefs to have luck of finding Gold, and it is not that whoever
seeks it gets the Quantity he/she desires.
However
Gold;
1)Hedge
against inflation: Gold has shown positive results even during the economic
downturn and market volatility. It serves as the best hedge against inflation.
2)Gold
has seen strong asset appreciation in long-term and emerged as must have
in one’s investment portfolio.
3)Portfolio
diversification: Gold is an easy and convenient way to diversify your
investment portfolio.
4)Start
with small amount: You can start investing in gold with a small
amount to save regularly for the long-term
5)Easy
liquidity: You can subscribe and redeem your gold fund as and when you need.
6)Tax
Benefits: Some of the gold funds such ad SBI Gold
Fund is treated as a non-equity product from the tax perspective. You
can claim long-term capital gains tax benefit on these funds after a
period of one year of investments.
Holds
its value over a long period of time,
Is
a hedge against inflation, Liquidity, Diversification, which gives you a
regular income in dividends or other ways.
Tangible
Assets, No Default Risk, Most desired commodity, Price correction can lead to
losses.
Howmy spells can make you get Gold and wealth
Gold
is one of the rarest elements in the world, hard to find but possible to get. I
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