10 Mind-Blowing Facts and Stats About Gold

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Gold is fascinating. If you don’t believe us, read the fun and jaw-dropping facts and figures below in a compilation that will surely have you thinking differently about this precious metal.

There are many reasons why gold has attracted the attention of civilizations for thousands of years. We want to present to you the top 10 facts about gold that might not be in textbooks, Wikipedia entries or everyday news reports.

In no particular order…

Gold Might Have Come From Neutron Stars

Edo Berger, an astronomer at the Harvard-Smithsonian Center for Astrophysics believes two incredibly dense neutron stars collided and emitted a huge jet of gamma-rays across the universe. Berger says those neutron star collisions were responsible for the creation of virtually all the heavy elements in the universe. These include gold, mercury, lead, platinum and many more.
(As reported on Gold.To’s History of Gold post

Gold Is More Scarce Than We Think

“All the gold ever mined in history would cover a tennis court to a depth of 35 feet.”
(Matthew Hart, author of Gold: The Race for the World’s Most Seductive Metal)

It’s Getting Hot in Here

Gold melts at 1065 degrees Celsius, or 2,063 degrees Fahrenheit. Gold can conduct heat and electricity and never rusts.
(Via YouTube video)

Oh You Go Canada!

In 2007, Canada made a 100 kilogram (3,217 troy ounce) 0.99999 gold coin with a face value of $1,000,000. Not too shabby!
(Via InvestingAnswers.com)

Mozambique Men, Wear Hats!

In Mozambique, local witch doctors and healers believe the heads of bald men contain gold, and that by performing rituals with their body parts, they can bestow those riches upon their patients and clients. Five bald men have already been killed in the past two months.
(Via MelMagazine.com)

Making Gold Enviro-Friendly

“The elimination of cyanide from the gold industry is of the utmost importance environmentally,” said Sir Fraser Stoddart, the Board of Trustees Professor of Chemistry in the Weinberg College of Arts and Sciences. “We have replaced nasty reagents with a cheap, biologically friendly material derived from starch.”
(Via press release)

A Golden Dinner

In 2013, the United Kingdom’s famed Fat Duck restaurant introduced a £300 Christmas lunch menu featuring a “Gold, Frankincense and Myrrh” dish. Diners receive a gold-wrapped cube of jellied stock that they drop into a teapot containing infusions of frankincense and myrrh. In Canada, that would cost almost $500. Worth it?
(Via CanadianBusiness Online)

On President Trump and Gold Prices

“It’s an up-and-down ride and these risks are going to be positive for gold going forward,” according to Russel Chesler, director, VanEck Australia.
(Via CNBC.com)

What an Olympic Gold Medal Is Actually Worth

The medal itself—weighing in at 400 grams (6 grams of which are actual gold)—is worth an estimated US$650.
(Via CanadianBusiness.com)

An Underwater Scam During the California Gold Rush

The 19th-century was a good time to be a gold zealot in California, thanks to the discovery of gold in the state and the ensuing gold rush. But many people were easily persuaded by get-rich-quick schemes.

For example, more than 20 million tons of gold particles are dissolved in the world’s oceans. But can it be extracted? Along comes Rev. Prescott Jernegan in 1896, who created a device made up of a wooden box, a pan full of mercury and a secret ingredient. The box was lowered into the sea, and a current was passed through the mercury, supposedly attracting gold particles. A test found that more than $100 worth of gold accumulated in the box.

Jernegan formed a company specializing in this gold extraction process, and stock in the company was soon offered. It quickly stormed up to $150 per share. Jernegan and his assistant, Charles Fisher, cashed out for $400,000.

Thing is, Jernegan and Fisher disappeared and their gold accumulators stopped working. It was discovered that Fisher was a trained diver who had gone underwater and placed gold in the devices.

Talk about fool’s gold!

(Via CoastalJournal.com)

 

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