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Gold is a yellow precious metal which is valued for its beauty and
purity since it does not oxidize or tarnish like most other metals.
It has been used for coins and jewelry for over 6000 years and from
this has become regarded as a symbol of wealth. Gold is very ductile
and is the most malleable of all metals. It can be cast into huge
statues or beaten into wafer thin sheets of gold leaf. This malleability
makes it too soft to be used in jewelry without being alloyed with
other metals.
Gold
metal can be found in rivers, seas and land in many parts of the
earth, but it is not easily extracted. Opening a mine is a time-consuming
and costly operation and several tons of ore may are required in
order to produce just one ounce of the precious metal. Therefore,
despite its universal nature, gold remains a precious and rare commodity.
In fact, it is estimated that only slightly more than 100,000 tons
of gold have been taken from the earth during all of recorded history
- an amount that could be contained in a 19-yard cube! |
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