Posts Tagged ‘history of gold’
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A History of Gold, Part 2
by Michaela Davies on Dec 10th, 2010
Gold has been a highly desired commodity for quite some time, here is part 2 of the History of Gold, where the benchmarks for Gold becoming ingrained in our modern day economy are explored. 1870-1900 - Adoption of gold standard All major countries other than China switch to the gold standard, linking their currencies to gold. The practice of bimetallism is abandoned. 1925 - Gold standard returns The UK...Read More » Tags
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A History of Gold, Part 1
by Michaela Davies on Dec 8th, 2010
From 3600 BC to the present day, from deep underground to outer space, gold has been a major factor in the world's development and economy. 3600 BC - First smelting of gold Egyptian goldsmiths carry out the first melting or fusing of ores in order to separate the metals inside. They use blowpipes made from fire-resistant clay to heat the smelting furnace. 2600 BC - Early gold jewellery Goldsmiths ...Read More » Tags
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