Gold Pt 1: Value of Gold

As stated before, gold happens to be one of my favorite elements to accessorize with. I am not an expert and do not seek gold for income, but I am very intrigued by gold as many others are. I can only conclude my passive obsession over this type of jewelry began when I was a toddler, reaching for the yellow glossy beam that reflected light out of the mouths of my great grandmother, mother, and father, known as gold teeth or grills. Since a child, my parents accessorized me in gold, like a little minion. During my elementary school years, I acquired free and authentic gold more than any other time in my life. Earrings, necklaces, pendants, one ring. I truly was the golden child. For me, the value of gold is priceless because I become very nostalgic when I wear this form of memorabilia passed down to me from loved ones. I could go on for days about the sentiment attached to jewelry however, I cannot neglect to discuss the evident monetary value gold has in this post.

A photo of myself at age 9 with my father after purchasing matching gold cross pendants.

I believe gold is a historical marker that has always provided financial empowerment and the overall influence it has had on societies over time, is why this luxury of Earth will remain prevalent for many more years to come. I’m sure we all have heard of the California gold rush of 1848 and the beneficial impact it had on settling west in the United States. Well before that, gold was used immoderately in Egypt, and in 1500 B.C. became the standard exchange for international trade. During these times gold had a higher appraisal because it was widely used. The monetary value of gold has decreased over time but today 1 gram of gold will cost $55! Whenever purchasing jewelry, the gram weight of the piece is a factor that determines the price and its value.

The National Mining Association provides more Historical facts about Gold. Click here to access!

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