Just a general answer:
Ancient- Used in trade & as ornamentation.
US history- Gold rushes, the "gold standard," "hoarding coins," etc...
In our society- No longer is our currency backed by gold; it is rare and pretty and hard to work without messing up and a good conductor... so it's expensive, but used in circutry and jewelry.
Why value it? Most people think "Shiny" = pretty. It's rare.
2007-02-27 13:50:44
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answer #1
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answered by BotanyDave 5
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In ancient civilization i.e., nearly 5000yrs ago Indians(near river Indus) used to wear a bulk of golden Ornaments embedded with diamonds(Both Men & Women). They also used to wore clothes made of Gold.INDIA once called as 'Golden Parrot'. They were called to be the richest people in the world.
Columbus who discovered America 500 yrs ago thought that he landed in India & accidentally named the people as Indians. Ancient Americans were not much found of Golden ornaments.
Gold states our country's culture & economy. Women are very found of golden ornaments & gold is very expensive.
refer to these links:
http://en.wikipedia.org/wiki/Indus_Valley_Civilization
http://www.boloji.com/architecture/00002.htm
2007-02-27 22:04:11
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answer #2
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answered by Naren_RocksU 3
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Click on this link you will find all the information that you need there!
http://en.wikipedia.org/wiki/Gold#History
2007-02-27 21:57:35
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answer #3
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answered by Anonymous
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From the earliest times humans have recognised GOLD as something that is fine and rare. Hence it has been the symbol and epitome of general value. Gold is very valueble as per it's weight and it is of substance. Therefore it's use was that it was a rare commody that looked good, was of substance so people would have faith in it and it was far easier to transport than it's equivilant in goods. Also it can be moulded into almost any shape you want. It is convenient.
In ancient Sumeria they originally had SHEKELS- a particular weight in metal for a particular value as to assertain comparative wages and prices. The value of things. Gold was processed into gold plate, gold objects and gold lumps of metal. The gold plate was stored as treasure, the gold objects were used to honour the gods in temples and the gold lumbs were used as trade. So many gold lumps of a particular weight and you could buy youself a slave for instance. Gold was the substance of status. In Sumeria gold was 20 times more valueble than the same weight in silver. A SHEKEL was the basic coinage and 60 Shekels made a MINA and 60 Minas made a TALENT. Our hours and minutes come from this. And when coins came about then trade and transactions were streamlined. Also gold became the traditional methods of tributary payments. In Persian 20 silver SIGLOI(plural of Siglo) made up a gold DARIC. In Greece about 20 silver DRACHMA made up a gold STATER(about one third of a greek mina). In Rome 25 silver DENARII(about a days wage for a labourer in the empire) made up a gold AUREAS(12 denarii and one dupondis or two sesterciis made up a quinarius aureas). Gold was used for large transaction, tribute, large rewards or fines, storing of treasure, worshipping the gods, paying the armed forces in pay and bonuses and paying for imports.) In fact silk got so popular in Rome that at it's peak a pound of silk was worth a pound of gold. Rome was eventually paying 100,000,000 sestercii per year for silk.
Gold was much of the reason why the mainland of America was so enthusiastically explored. The conquistidores had such greed for gold. Colombus was looking also for gold. Gold was used to pay for commodities in the early days and when the United States was established it was used in coins(for instance the gold and double gold eagles- $10 and $20 coins) When the gold rush in California happened in 1849 many migrants came to the United States. It has helped America develope and it is a symbol of the wealth of the United States. For instance in fort knox you have 14,000 tons of it. This gives the United States a vast economic advantage in the world. It is one of the reasons why the American greenback is so prized. Gold has in the first instance provided the imputus of greed in exploring the mainland of the continent and in the last instances provided the imputus and the backing for the development and strength of the United States of America.
In the old days GOLD was the standard of all money- THE GOLD STANDARD. Nowerdays we are not on this but gold is a standard of backing for not only currency but actual wealth itself Gold enables the economy to develope because one, it backs up the money in realilty and wealth and also enables a nation to get credit in it's developments. Two, it can be used to do many things, from bullion storage to insulation on the space shuttle. Therefore being a very useful material it can help development in many useful ways. By being a symbol of wealth and by being so useful GOLD not only provides the guarantee of acceptence that people will agree with but also provides the actual and potential wealth for a strong economy. If all goes to pot-GOLD will be one of those things that will stand out as a acceptable and helpful thing of value. When most other things go the way of the dinosaur
Gold has and is always been of high status. When one gets married one gives a gold ring. It is the status of wealth and it is highly valued. It's uselfulness in many things like being able to stretch it out into thin wire and use it in industrial processes make it not only of high sentimental value but also as a great practical value. I once heard of a man who was a devout christian. He wanted to offer God something special. He saved up a whole lot of gold coins and then gave them to the church. What he said epitomised in a nutshell what status gold has. He said "ONLY GOLD IS GOOD ENOUGH FOR GOD".
Gold is valued because it is rare, shinney, useful and looks good. But also people have a sentimental liking for this brilliant shinny metal. Hence not only it's value and usefulness, but also peoples facination and it's convenience. make it an all round good thing.
Gold neither rots or tarnishes. Gold keeps it's lustre and value throughout the ages. Gold is so rare that all the gold mined in history would only fill - cubed - a normal soccer field>less than 100,000 tons. Gold is rare enough, shinny enough, beautiful enough, substance enough, useful enough and has a sentimental history enough for people to not only value it so highly but to like it , like no other metal.
Gold is king of metal. IT IS LIKE NO METAL ON EARTH AND IT HAS SHAPED HISTORY. Hope this helps.
2007-02-28 00:52:42
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answer #4
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answered by Anonymous
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http://www.crystalinks.com/incan.html
http://pbskids.org/wayback/goldrush/index.html
http://www.capmag.com/article.asp?ID=23
http://www.gold.org/pr_archive/pdf/The_Value_of_Gold_to_Society.pdf
http://users.california.com/~eameece/gold.htm
2007-02-27 21:52:15
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answer #5
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answered by Cister 7
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