A child finds a shiny rock
in a creek, thousands of years ago, and the human race is introduced to gold
for the first time.
Gold was first discovered
as shining, yellow nuggets. "Gold is where you find it," so the
saying goes, and gold was first discovered in its natural state, in streams all
over the world. No doubt it was the first metal known to early hominids.
Gold became a part of every
human culture. Its brilliance, natural beauty, and luster, and its great
malleability and resistance to tarnish made it enjoyable to work and play with.
Because gold is dispersed
widely throughout the geologic world, its discovery occurred to many different
groups in many different locales. And nearly everyone who found it was
impressed with it, and so was the developing culture in which they lived.
Gold was the first metal
widely known to our species. When thinking about the historical progress of
technology, we consider the development of iron and copper-working as the
greatest contributions to our species' economic and cultural progress - but
gold came first.
Gold is the easiest of the
metals to work. It occurs in a virtually pure and workable state, whereas most
other metals tend to be found in ore-bodies that pose some difficulty in
smelting. Gold's early uses were no doubtornamental, and its brilliance and
permanence (it neither corrodes nor tarnishes) linked it to deities and royalty
in early civilizations .
Gold has always been powerful
stuff. The earliest history of human interaction with gold is long lost to us,
but its association with the gods, with immortality, and with wealth itself are
common to many cultures throughout the world.
Early civilizations equated
gold with gods and rulers, and gold was sought in their name and dedicated to
their glorification. Humans almost intuitively place a high value on gold,
equating it with power, beauty, and the cultural elite. And since gold is
widely distributed all over the globe, we find this same thinking about gold
throughout ancient and modern civilizations everywhere.
Gold, beauty, and power have always gone together. Gold in ancient times was made into shrines and idols ("the Golden Calf"), plates, cups, vases and vessels of all kinds, and of course, jewelry for personal adornment.
Gold, beauty, and power have always gone together. Gold in ancient times was made into shrines and idols ("the Golden Calf"), plates, cups, vases and vessels of all kinds, and of course, jewelry for personal adornment.
The "Gold of
Troy" treasure hoard, excavated in Turkey and dating to the era 2450 -2600
B.C., show the range of gold-work from delicate jewelry to a gold gravy boat
weighing a full troy pound. This was a time when gold was highly valued, but
had not yet become money itself. Rather, it was owned by the powerful and
well-connected, or made into objects of worship, or used to decorate sacred
locations.
Gold has always had value to humans, even before it was money. This is demonstrated by the extraordinary efforts made to obtain it. Prospecting for gold was a worldwide effort going back thousands of years, even before the first money in the form of gold coins appeared about 700 B.C.
Gold has always had value to humans, even before it was money. This is demonstrated by the extraordinary efforts made to obtain it. Prospecting for gold was a worldwide effort going back thousands of years, even before the first money in the form of gold coins appeared about 700 B.C.
In the quest for gold by
the Phoenicians, Egyptians, Indians, Hittites, Chinese, and others, prisoners
of war were sent to work the mines, as were slaves and criminals. And this
happened during a time when gold had no value as 'money,' but was just
considered a desirable commodity in and of itself.
The 'value' of gold was accepted all over the world. Today, as in ancient times, the intrinsic appeal of gold itself has that universal appeal to humans. But how did gold come to be a commodity, a measurable unit of value?
The 'value' of gold was accepted all over the world. Today, as in ancient times, the intrinsic appeal of gold itself has that universal appeal to humans. But how did gold come to be a commodity, a measurable unit of value?
Gold, measured out, became
money. Gold's beauty, scarcity, unique density (no other metal outside the
platinum group is as heavy), and the ease by which it could be melted, formed,
and measured made it a natural trading medium. Gold gave rise to the concept of
money itself: portable, private, and permanent. Gold (and silver) in
standardized coins came to replace barter arrangements, and made trade in the
Classic period much easier.
Gold was money in ancient Greece. The Greeks mined for gold throughout the Mediterranean and Middle East regions by 550 B.C., and both Plato and Aristotle wrote about gold and had theories about its origins. Gold was associated with water (logical, since most of it was found in streams), and it was supposed that gold was a particularly dense combination of water and sunlight.
Their science may have been primitive, but the Greeks learned much about the practicalities of gold mining. By the time of the death of Alexander of Macedon (323 B.C.), the Greeks had mined gold from the Pillars of Hercules (Gibraltar) all the way eastward to Asia Minor and Egypt, and we find traces of their placer mines today. Some of the mines were owned by the state, some were worked privately with a royalty paid to the state. Also, nomads such as the Scythians and Cimmerians worked placer mines all over the region. The surviving Greek gold coinage and Scythian jewelry both show superb artistry.
Gold was money in ancient Greece. The Greeks mined for gold throughout the Mediterranean and Middle East regions by 550 B.C., and both Plato and Aristotle wrote about gold and had theories about its origins. Gold was associated with water (logical, since most of it was found in streams), and it was supposed that gold was a particularly dense combination of water and sunlight.
Their science may have been primitive, but the Greeks learned much about the practicalities of gold mining. By the time of the death of Alexander of Macedon (323 B.C.), the Greeks had mined gold from the Pillars of Hercules (Gibraltar) all the way eastward to Asia Minor and Egypt, and we find traces of their placer mines today. Some of the mines were owned by the state, some were worked privately with a royalty paid to the state. Also, nomads such as the Scythians and Cimmerians worked placer mines all over the region. The surviving Greek gold coinage and Scythian jewelry both show superb artistry.
The Roman Empire furthered the quest for gold. The Romans mined gold
extensively throughout their empire, and advanced the science of gold-mining
considerably. They diverted streams of water to mine hydraulically, and built
sluices and the first 'long toms.' They mined underground, also, and introduced
water-wheels and the 'roasting' of gold-bearing ores to separate the gold from
rock. They were able to more efficiently exploit old mine-sites, and of course
their chief laborers were prisoners of war, slaves, and convicts.
A monetary standard made the world economy possible. The concept of money, (i.e., gold and silver in standard weight and fineness coins) allowed the World's economies to expand and prosper. During the Classic period of Greek and Roman rule in the western world, gold and silver both flowed to India for spices, and to China for silk. At the height of the Empire (A.D. 98-160), Roman gold and silver coins reigned from Britain to North Africa and Egypt.
Money had been invented. Its name was gold.
A monetary standard made the world economy possible. The concept of money, (i.e., gold and silver in standard weight and fineness coins) allowed the World's economies to expand and prosper. During the Classic period of Greek and Roman rule in the western world, gold and silver both flowed to India for spices, and to China for silk. At the height of the Empire (A.D. 98-160), Roman gold and silver coins reigned from Britain to North Africa and Egypt.
Money had been invented. Its name was gold.



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