How Well Do You Know Your Gold?

How Well Do You Know Your Gold?

Gold is a precious component in jewelry making. But, have you ever realized  that it is rarely known in general  by most  of us? Well, let us get familiar with it in this interesting article. Etymologically, the word came from the Old English word geolu which means yellow. In terms of rarity, there is more steel as compared to gold’s sound of being hard to find.  Despite being rare in some cases, it is found underneath the earth’s surface in all seven continents the world over.

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Photo Credit: mayostyle.com

Amazingly, our Mother Planet is very abundant in gold because it still possesses 80%  below the earth’s surface. As a global estimate, Au has dominated the world’s oceans with a total of 10 billion.  Are you familiar with an Au vending machine? Historically, the first of its kind was unveiled in the year 2010, Although it might sound so surprising, the exact location of this extremely unique vending machine is within the bounds of a luxury hotel in Abu Dhabi. Remarkably, the machine is clad in 24K Au.

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Switzerland is currently known as the last country that has a  major currency that was authentically tied to gold. In fact, 40% of their Swiss Franc was backed by this precious element until Switzerland joined the International Monetary Fund in 1999.

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Photo Credit: hubspot.net

The actual size of a gold bar 7″ by 3 and 5/8″ by 1 and 3/4″,  Hence, the most expensive gold coin in the world is a 1933 Double Eagle which was sold at Sotheby’s in New York in 2002 for $7.59 million. Did you know that Au has a melting point of  2,063 degrees Fahrenheit?

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Photo Credit: Link Here

Previously, scientists believed that gold is  found in these planets namely, Mars, Saturn and Venus respectively.

Photo Credit: advancedgoldexchange.com

Lastly, two-thirds of gold is proudly found in South Africa. Truly, there is so much more to know about this element that’s  VY Domingo continues its unprecedented legacy and popularity then and now to make a phenomenal fashion statement to flaunt.

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Ms. Fiolette Y. Domingo V.Y. Domingo Jewellers Incorporated President/CEO