Element Gold (Revised)

Element Gold (Revised)

Element Gold (Revised)

Gold has been called the most beautiful of all chemical elements. Its beauty has made it desirable for use in jewelry, coins, and artwork for thousands of years. It was one of the first pure metals to be used by humans.

Gold is one of the few elements that can affect politics and economics. Wars have been fought over access to gold. Cities and towns have sprung up and died out as gold was discovered and then mined out. Many nations still count their wealth according to the amount of gold they keep in storage.

Gold lies in the middle of the periodic table. The periodic table is a chart that shows how elements are related to one another. Gold is a heavy metal in a group known as the transition metals. Gold is also known as a precious metal (as are palladium, platinum and silver).

 

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Gold rush

Gold Rush

Gold Rush

Sutter’s Mill. On 24 January 1848 the American James Marshall discovered gold at John Sutter’s mill in northern California. This strike set off one of the most dramatic economic events of the nineteenth century. When word got out concerning the gold’s location, people soon began scurrying into the hills seeking even more of the precious yellow metal—and many found it, at least at first. Word of the placer (or surface) gold spread throughout the world. In 1849 alone, about eighty thousand people came to California; by 1854 three hundred thousand had arrived. Vast amounts of gold came out of California. Historians have estimated that miners extracted $10 million of gold in 1849, $41 million more of gold the following year, and another $81 million of gold in 1852. The amount declined thereafter, but miners still mined $45 million of gold from California in 1857.

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