Gold is arguably the most well-known precious metal. This is due to its unique yellow color along with its malleability and conductivity. It is used in jewelry and electronics as well as for medical purposes and thermal insulation.
About half of the gold that has been mined in the world comes from Witwatersrand in South Africa. Scientists believe that the gold deposits in this region formed about 3 billion years ago.
Did you know that your body contains gold? We carry 0.2 milligrams of gold around in us, primarily in our blood but also in our hair!
Gold is mentioned 417 in the King James Version of the Bible, where it, along with silver, are used as signs of wealth.
Switzerland was the last country that was on the gold standard with 40% of its money backed up by the precious metal up until 1999.
49% of the gold that is mined in the world today is used for jewelry.
China is the leading gold producer in the world and has mined 98.2 tonnes of the precious metal in the first quarter of 2018. Output levels, however, are down compared to 2017, which also saw an annual drop.
Innovative Minerals is a company that wants to contribute more facts about gold with a project that takes blockchain technology and applies it to the mining and investment processes pertaining to this precious metal. Imagine a cryptocurrency that is backed by real gold that is being mined. This is what Innovative Minerals provides. To find out more, visit www.innovative-minerals.io.
Sources: ThoughtCo., worldatlas.com, Express, Bible Investments, GoldSilver, World Gold Council, BullionVault
