
Gold is one of
the world's most precious metals.
All of the gold
in the world could be compressed into an 18-yard cube, which is
about 1/10 the mass of the Washington Monument.
It is recorded
that only 88,000 tons of gold have been taken from the earth since
recorded
history, leaving far more yet to be
discovered.
A one-ounce
gold nugget is more rare to find than a five-carat diamond.
The amount of
gold nuggets being found in the world is less than one
percent.
Even though
gold is rare, it is far easier to find than winning a major state
lottery.
Because of its
rarity, a gold nugget can be worth three to four times the value of
the gold it contains.
An authentic
gold nugget has long been considered a gemstone because of its
rarity and beauty.
Gold is so
heavy that one cubic foot of it weighs half a ton.
Gold is six to
seven times heavier than other materials that equal its size.
The largest
gold nugget found in the U.S. weighed 195 pounds; it came from
California.
Gold can be
hammered so thin that sunlight can shine through
it.
A single ounce
of gold can be drawn into a wire 60 miles
long.
Gold can be
hammered into sheets so thin that a pile of them an inch high would
contain more than 200,000 separate sheets.
In every cubic
mile of sea water there is 25 tons of gold! That's a total of about
10 billion tons of gold in the oceans; however, there's no known way
to economically recover it.
Gold is
considered one of the most important metals in jewelry
making.
Gold is so soft
it is seldom used in its pure form.
Jewelry that is
marked 10K is made of 10 parts gold, and 14 parts other
metals.
The hardness of
pure gold (on moh's scale) is 2-1/2 to 3; the melting point is 2,063
degrees Fahrenheit, specific gravity is 19.32, and tensile strength
is 19,000psi.
Gold can be
transmitted from platinum by nuclear reaction. But, because of the
rarity of platinum, it is far too costly.
The United
States government banned private ownership of gold, which lasted 41
years; then
lifted it on December 31,
1974.
Gold reached an
all-time high price of $800 per ounce in 1980.
South Africa is
the largest producing gold country in the world today.
An ounce of
gold is based on troy weight--20 pennyweights or 480 grains. A pound
of gold is 12 ounces, while most other non-precious metals are based
on the standard avoirdupois scale of 16 ounces to the pound, and
approximately 32 grams to the ounce.
Gold is
chemically liquified and injected into the muscles of thousands of
rheumatoid arthritis victims in the U.S., and it is said that the
treatment is successful in seven out of ten cases.
Gold is used in
window glass and astronaut helmets to reflect infrared rays while
allowing sunlight to pass through, and at the same time keeping it
cool.
Gold is
inactive chemically and is not affected by air, heat, moisture and
ordinary solvents.
The largest
gold mine in the U.S. is the Homestake Mining Company in Lead, South
Dakota.