This is a golden opportunity from @autofreak, I followed his lecture to the last chapter and gained a lot of amazing fact about gold. Are you a “goldfreak”? Relax and get some of the information you need to know about gold.

First gold was discovered around 3600BC in ancient Egypt which means gold technology originated from Africa. Are you surprised? From the onset, gold was viewed as a dirty material before the emanation of mining ideas and jewelry was the first ornament made from gold.

The world becomes obsessed with gold around 600BC which was thought to happen several years after gold jewelry have been existing. Learning about gold came into existence in 500BC by Lydian in 500BC and the first gold coin was called croesid due to the fact that there was consistent gold content in the coin which is being used for currency and trading.

Overexploitation of gold came up because of its excess in Egypt which made gold to become scarce and later backfire into famine. After a while, UK set the gold standard in the year 1717 because their currency was linked with gold and during the industrial revolution, Machine was designed to make gold mining very easier and efficient. Between 1870 and 1970, the gold standard was adopted in the whole world due to the fact that currency has replaced gold expect in China. Initially, gold was known to be reverse currency and later US dollar slowly become reserve currency linked with gold. In 1971- 73 the USD was no longer linked with gold and US started minting money at their own will due to the mindset of President Richard who sees no reason to honor Bretton woods agreement.

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In 1999 and up till date, there were series of agreement on gold to make it be in existence and reduce floating rate. The investors now have the chance to buy gold for as little as $30 and store in the vault for it to appreciate. It has become a scalable material, isn’t this a relief?

The gold processing includes exploration, development, and extraction. When dealing with gold, the deposit size is important and care should be taken during the procedure. It takes quite a long time thus between 10-30 year before gold can be ready. Gold is gotten from ore or rock. Below is the sequence of gold development.

ROCK —ORE — METALLIC ALLOY (low purity) —DORE (60-90% pure gold) —GOLD(very pure gold)

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The miner focused on high-grade ore when the price of gold falls but when the price rise, they focused on low-grade ore. When the remaining processing was sensed to be uneconomical, the mining operation stops and the site is kept under control and later become cleansed, re-vegetated and rehabilitated to support human habitation.

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@Autofreak lecture on gold has opened my eyes to many uses of gold that I never imagined. In the uses like the gold pill, I was shocked seeing this but later got convinced after knowing that there are some edible golds. Isn’t this amazing?

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Same goes with gold cigar, and arthritis treatment. I knew about the usefulness of gold in aeronautic for protection against space radiation, gold-plated iPhone made by Apple and worth about $3000 and gold credit card which is known to be given to high valued customers.

The cultural value of gold is diverse. Gold signifies fame, wealth and position in some country. With my exposures, I have known India as a country that is more obsessed with gold. This is not only for its value but for their traditional beliefs attached to it. There are series of message about gold in their religious books like Gita, Vedas, and Upanishad. They refer to gold as a metal of immense value and mobile wealth. Hindus have strong believes that gold is God metal and mostly preferred by Demis gods as well. It is used in many festivals like Diwali, Tritiya, Akshay and the rest and this period is known to be the best time to buy world’s most valuable metal and they believed that gold purchased during this time will last forever. It also symbolizes love. There are also believes that the couple who receive gold will be happy throughout their married life.

Gold is not a stable entitle. It price usually fluctuate. Those in possession of gold during deflation sold it at a huge loss except those that wait until it rises again. As we all know responsibility has no specific time. How many people can summon that courage?

MENE

Mene is a platform created for gold business. They have jewelry of 24 karats of gold and platinum on the stock that is transparently sold by gram weight. It is a platform which gives out $5 credit to every new user.

They restore the ancient tradition of jewelry as a store of enduring value. They offer indestructible, rare in nature and radiant like sun and moon product made from natural elements- the Gold and platinum.

screenshot from MENE website
Their current challenges are their concern about how man-made chemical alloy of 58-75% pure gold has become the most common jewelry marketed and sold. They bring clarification that alloys do not have the natural property of gold and platinum and can even tarnish with time. This circumstance is not helping the gold market.

The Mene jewelry is known to be crafted from 24K gold or platinum which is the same form as these materials are found in nature which means their product can never tarnish and hence it is hypoallergenic and antimicrobial.

Mene jewelry is crafted from pure gold that is gotten from Nevada, USA, and Canada. If you want a transparent and reliable gold, patronize MENE for the best option of gold.

This contest was brought you by @Autofreak. Click here for more information