“The desire for gold is the most universal and deeply rooted commercial instinct of the human race.”
The question arises why GOLD holds such a great value worldwide? The answer is fairly simple, although not impossible but it s a quite difficult resource to find unlike other elements, it is inert and doesn’t corrode like paper or iron. Unlike diamonds and oil it has got only one grade and thus have single pricing globally . Due to its electric conducting property its widely used in electronics,
Gold is recognized all over the world hence this means flexibility and trust and thus being the popular safe haven for wealth
“If gold must be gold, it must pass through the furnace.”
Here are some quick facts on the Worlds precious metal that you wouldn’t have much heard about.
#Traces of gold have been found on every continent on Earth.
#About half of that gold has come from Witwatersrand, South Africa.
#A large portion of gold in the Earth’s crust was put there by asteroid strikes.
#Aurophobia is the fear of gold.
#Have a few old cell phones laying around? If you have 1 ton of them you will have more gold than 1 ton of gold ore.
#During the 70s and 80s, LEGO gave employees a 25.65 gram brick of gold for 25 years of service.
#The ocean contains enough gold to give every person on Earth 9 pounds.
#Gold traces have been found in the leaves of some eucalyptus trees.
#An Olympic gold medal must contain a minimum of 6 grams of gold.
#Gold spoons are used by ice cream testers to avoid the after taste of regular spoons.
#24-karat gold leaf, flakes, and dust are edible.
#The largest gold bar in the world weighs 551 pounds.
#The human body contains about 0.2 mg of gold.
#At one point aluminum used to be more valuable than gold.
#Indian housewives hold almost 11% of the world’s gold. That’s about 16,000 tons of gold and that is more than the US, Switzerland, Germany, and the International Monetary Fund combined.
#Dubai has some ATM locations that dispense gold bars.