Gold is a yellowish chemical element that has atomic number 79. It is the highest atomic number of any naturally occurring element. It is dense, soft, malleable, and ductile. It is a transition metal in the group of elements with atomic number 79. It is the most abundant metal in the world, with more than a billion ounces being mined annually. Despite its luster, gold is a highly reactive metal and is not readily oxidized.
In addition to its high price, gold is a good store of value and is considered a good hedge against inflation. But it has no obvious benefit to those whose money is at risk, so how much is there? There are a variety of reasons for this. For example, gold is a relatively inexpensive form of currency, but the value of gold has fallen dramatically in recent years, resulting in a resurgence in demand for this precious metal.
Gold is usually associated with intrinsic worth. Moreover, gold is often used for decoration and reward. For example, gold medals are awarded to winners of graded competitions and athletic events. As a result, many award statues are made of it. Examples include the Oscar and the British Academy Film Awards, which are presented in a gold-plated statue. These awards are often accompanied by plaques and other objects. If you are lucky enough to find some gold in your neighborhood, you will be able to find some on eBay or at your local store.
Gold concentrations in oceans are extremely high. An ounce of gold can be drawn into a thin wire a few millimeters thick. In fact, one gram of gold is equivalent to 80 miles of wire – about half that thickness! And that’s not all. Unlike most commodities, there is no demand/supply relationship for this precious metal, and so, even if the demand is low, the supply will grow as well.
Gold is a rare metal. The concentration of it in the oceans ranges from 50 to 150 femtomol/L, or ten to thirty parts per quadrillion. For example, gold is found in calaverite, nagyagite, petzite, sylvanite, and bismuthide maldonite. Aside from these, it is also found in telluride alloys of copper and lead.
Gold is a precious metal. It has a variety of uses. It can be found in jewellery, glass, electronics, and even the human body. It is the most common metal, accounting for 75% of the world’s production. Further, gold can be given various hues. It can be dissolved in glass and used as a colouring agent. It is also used in the electronic industry as an alloy. Its purity is higher than that of other metals.
Aside from its value as a metal, it is also found in free form and “native” in nature. Some caves in Spain have found natural gold in small amounts. However, gold artifacts first appeared at the start of the pre-dynastic period in Egypt, which dates back to around 40,000 BC. Its presence in the world’s history is evidence that it was already used in ancient civilizations. A lot of it is still hidden in nature, and it has been discovered in ancient caves.