GOLD - IT'S ABOUT YOUR FREEDOM!
Gold is the oldest material that has been used to exchange human values for millennia. The secret of its reliability is based on specific characteristics and its limited availability on the world market. This means that all the values created by humans around the world are reflected in the available global gold holdings, which has been confirmed time and again in times of crisis for millennia.
THE HISTORY OF GOLD
Gold has occupied a unique social status for millennia. It has a long history as a valuable metal and its history is far from over. From the ancient Egyptians to the modern U.S. Treasury, there are few metals that have had such an influential role in human history as gold.
Why is gold so important? What inherent value is held by gold? Will gold continue to be valuable in the future? Today, I’m going to answer those questions and share with you the history of gold.
Ancient civilizations and their love of gold
Human fascination with gold is as old as recorded history. We don’t know for sure when the first human picked up a gold nugget and thought, “Hey, this is pretty cool.” However, flakes of gold have been found in Paleolithic caves dating back as far as 40,000 B.C.
Most archaeological evidence shows that humans who came into contact with gold were impressed by the metal. Since gold is found all over the world, it has been mentioned numerous times throughout ancient historical texts.
Egyptians and gold
The first firm evidence we have of human interaction with gold occurred in ancient Egypt around 3,000 B.C. Gold played an important role in ancient Egyptian mythology and was prized by pharaohs and temple priests. It was so important, in fact, that the capstones on the Pyramids of Giza were made of solid gold.
The Egyptians also produced the first known currency exchange ratio which mandated the correct ratio of gold to silver: one piece of gold is equal to two and a half parts of silver. This is also the first recorded measurement of the lower value of silver in comparison to gold.
The Egyptians also produced gold maps – some of which survive to this day. These gold maps described where to find gold mines and various gold deposits around the Egyptian kingdom.
As much as the Egyptians loved gold, they never used it as a bartering tool. Instead, most Egyptians used agricultural products like barley as a de-facto form of money. The first known civilization to use gold as a form of currency was the Kingdom of Lydia, an ancient civilization centered in western Turkey.
Ancient Greeks and gold
Later on in history, the ancient Greeks viewed gold as a social status symbol and as a form of glory amongst the immortal gods and demigods. Mortal humans could use gold as a sign of wealth and gold was also a form of currency. Contrary to what you might think, the Olympic tradition of giving out gold medals to victors did not begin until the modern Olympics and has little to do with Greek tradition.
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