Gold and Its Uses
The price and stock of gold speaks of the prosperity of a nation as well as an individual. Gold is the most precious of all metals. Though it is not as useful as the other metals like, iron and brass, it is precious and moss valuable because it is rare.
Throughout the world, the search for gold has revealed only a few places where gold is found. It is found embedded in the rocks and deep beneath the earth. It was not an easy thing to get it from the depth and amidst rocks. So, the scarcity of gold resulted in the rush for gold in the earliest part of this century In America.
Gold is bright yellow in colour and it is the most beautiful of all the metals. It takes a very fine polish that makes it glitter and pretty. As it is a soft metal. it can be worked upon easily. Hence gold is used for making fine and beautiful ornaments like rings, brooches, chains, pins, and bracelets. In olden days the crowns of kings and queens were made of gold and studded with precious stones.
Apart from all this, gold has a monetary value and the currencies of very many countries ware based on the gold standard and is backed by the gold bars in the government treasury. Gold coins have been in circulation in India and elsewhere. The sovereign, the coin in England is made of gold.
Since currency is supported by gold, the term gold was always meaning money. A love of gold refers to a love of money and other material things money could buy
As gold is found only in certain kinds of rocks that are very deep under the earth, deep mines have to be sunk far underground, miner’s blast and dig the hard rocks out and send them up to the surfeit. Then the rocks are broken up and crushed by strong machines and then all pieces that have gold in them are put into big furnaces so hot that the gold melts and runs out. Many tons of rocks have to be crushed to get even a few ounces of gold. In India, gold is found in Kolar gold fields, Karnataka state.
Gold is valuable because gold is scarce. Gold is now becoming scare still for it is being smuggled and hoarded. This has led to the soaring up of the price of gold, all the world over.
In India and other Asian Countries, gold is being used for ornaments and worn by men and women. It is no doubt a luxury good that is why we have the saying that all that glitters is not gold.
