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A History
of Gold
child finds a shiny
rock in a creek, thousands of years ago, and the human race
is introduced to gold for the first time.
Gold was first discovered as
shining, yellow nuggets. "Gold is
where you find it," so the saying goes, and gold was first discovered
in its natural state, in streams all over the world. No doubt it was
the first metal known to early hominids.
Gold became a part of
every human culture.
Its brilliance, natural beauty, and luster, and its great malleability
and resistance to tarnish made it enjoyable to work and play with.
Because gold is dispersed widely throughout the geologic world,
its discovery occurred to many different groups in many different
locales. And nearly everyone who found it was impressed with it, and so
was the developing culture in which they lived.
Gold was the first
metal widely known to our species.
When thinking about the historical progress of technology, we consider
the development of iron- and copper-working as the greatest
contributions to our species' economic and cultural progress
- but gold came first. Gold is the easiest of the metals. It occurs in
a virtually pure and workable state, whereas most other metals tend to
be found in ore-bodies that pose some difficulty in smelting. Gold's
early uses were no doubt ornamental, and its brilliance and permanence
(it neither
corrodes nor tarnishes) linked it to deities and royalty in early
civilizations.
Gold has always been powerful
stuff. The earliest history of
human interaction with gold is long lost to us, but its association
with the gods, with immortality, and with wealth itself are common to
many cultures throughout the world. Early civilizations equated gold
with gods and rulers,
and gold was sought in their name and dedicated to their glorification.
Humans almost intuitively place a high value on gold, equating it with
power, beauty, and the cultural elite. And since gold is widely
distributed all over the globe, we find this same thinking about gold
throughout ancient and
modern civilizations everywhere.
Gold, beauty, and power have
always gone together. Gold in
ancient times was made into shrines and idols ("the Golden Calf"),
plates, cups, vases and vessels of all kinds, and of course, jewelry
for personal adornment.
The "Gold of Troy"
treasure hoard,
excavated in Turkey and dating to the era 2450 -2600 B.C., show the
range of gold-work from delicate jewelry to a gold gravy boat weighing
a full troy pound. This was a time when gold was highly valued, but had
not yet become money itself. Rather, it was owned by the powerful and
well-connected, or made into objects of worship, or used to decorate
sacred locations.
Gold has always had value to humans, even before it was
money. This is demonstrated by the extraordinary efforts made to obtain
it. Prospecting for gold was a worldwide effort going back thousands of
years, even before the first money in the form of gold coins appeared
about 700 B.C. In the
quest for gold by the Phoenicians, Egyptians, Indians, Hittites,
Chinese, and others, prisoners of war were sent to work the mines, as
were slaves and criminals. And this happened during a time when gold
had no value as 'money,' but was just considered a desirable commodity
in and of itself.
The 'value' of gold was accepted
over the world. Today, as in
ancient times, the intrinsic appeal of gold itself has that universal
appeal to humans. But how did gold come to be a commodity, a measurable
a unit of value?
The first use of gold
as money occurred around 700 B.C.,
when Lydian merchants produced the first coins. These were simply
stamped lumps of a 63% gold and 27% silver mixture known as 'electrum.'
This standardized unit of value no doubt helped
Lydian traders in their wide-ranging successes, for by the time of
Croesus of Mermnadae, the last King of Lydia (570 -546 B.C.), Lydia had
amassed a huge hoard of gold. Today, we still speak of the
ultra-wealthy as being 'rich as Croesus.'
Gold, measured out,
became money.
Gold's beauty, scarcity, unique density (no other metal outside the
platinum group is as heavy), and the ease by which it could be melted,
formed, and measured made it a natural trading medium. Gold gave rise
to
the concept of money itself: portable, private, and permanent. Gold
(and silver) in standardized coins came to replace barter arrangements,
and made trade in the Classic period much easier.
Gold was money in
ancient Greece.
The Greeks mined for gold throughout the Mediterranean and Middle East
regions by 550 B.C., and both Plato and Aristotle wrote about gold and
had theories about its origins. Gold was associated with water
(logical, since most of it was found in streams), and it was supposed
that gold was a particularly dense combination of water and sunlight.
Their science may have
been primitive,
but the Greeks learned much about the practicalities of gold mining. By
the time of the death of Alexander of Macedon (323 B.C.), the Greeks
had mined gold from the Pillars of Hercules (Gibraltar) all the
way eastward to Asia Minor and Egypt, and we find traces of their
placer mines today. Some of the mines were owned by the state, some
were worked privately with a royalty paid to the state. Also, nomads
such as the Scythians and Cimmerians worked placer mines all over the
region. The surviving
Greek gold coinage and Scythian jewelry both show superb artistry.
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