Essay on Gold

Throughout history, gold has been viewed as an asset with high intrinsic value which was flocked to during tumultuous times. The price of gold has typically fluctuated with political, economic and inflationary threats, falling during booming markets and rising in recession. Since the precious metal doesn’t generate cash flow, its value has been closely tied to the status of the economy. Yet, gold is failing to prove its counter cyclical nature in recent years. Tracing back gold’s history reveals

during the California Gold Rush which referred to immigrants who were traveling to the west in search of gold. These immigrants were considered “forty-niners” because they began to arrive in the year of 1849. In his book, Daily Life during the California Gold Rush, Thomas Maxwell-Long notes that, “California is nicknamed “The Golden State;” and the official state motto is “Eureka” meaning “I have found it” in Greek- a reference to mining success” (Maxwell-Long 1). The California Gold Rush is the most

Gold Nuggets in Gold Rush California It was day of Jan 24th 1948, James Marshall was building a new sawmill for John Sutter in South Fork of American river near Coloma valley.He spotted some flecks of shiny pebbles.His eyes sparkled when he discovered that it was gold. “Gold! Gold! Gold! Listen folks, it is not just a hoax!” Get rich and get “relaxed” in the goldfields of California. You could be another millionaire like Sam Brannan! Everyone from around the world is welcomed

Gold, legends have been made about it especially the legend of El Dorado but maybe the city isn’t actually a city just a plot of land that has produced 40% of all the worlds gold ore. Witwatersrand Basin located in Johannesburg, South Africa has been called the richest gold field ever mined. In 1970 it produced 79% of the worlds gold output, but as a mineral that takes hundreds of years to produce it was mined out, by 2009 it produced less that 9%. Gold has been a sign of wealth since the earliest

during the time of the California Gold Rush which referred to immigrants who were traveling to the west. The immigrants were considered “forty-niners” because they began to arrive in the year of 1849. In his book Daily Life during the California Gold Rush Thomas Maxwell-Long notes that, “California is nicknamed “The Golden State;” and the official state motto is “Eureka” meaning “I have found it” in Greek- a reference to mining success” (Maxwell-Long 1). The California Gold Rush is the most well-known

May 12 Sam Brannan brought proof of gold to San Francisco where he shouted “Gold! Gold! Gold from the American River!” (60). His motivation for sharing the news was that he wanted to sell equipment to those who wanted to go on the hunt for gold. Shortly after this, four thousand people were out looking for gold. Thus, many stores were empty and newspapers were forced to shut down. The hunt for gold was thought to be a fever “Among those who flocked to the gold were soldiers who abandoned their posts

[Gold] since the days of the Egyptian Pharaoh's some 5,000 years ago to the Roman Empire and the Mayan and Aztec civilisations of South America gold has been the lure of mankind representing power and prestige. The importance of Gold and its lustre for men was its rarity and even up to today with all the gold mined throughout history, it would only fill two Olympic-size swimming pools. Furthermore, up until the 1930's gold had been the measure of a countries currency strength. Consequently, for the

phones, due to research gold used to play a significant historical role in Australia, which the first gold rush occurred in 1851 after the mineral was discovered in Bathurst, New South Wales. After the Bathurst gold rush, it was followed by recent discoveries in Victoria. During the formation of earth molten iron sank to its centre which caused it to make the core. This took the mineral with vast majority to become one of the earth’s precious metals, which include metals such as gold and platinum, which

The gold rush was an event that took place over 150 years ago and was a very big part of both Australian and general history. Due to tis creance It forced lots of events to take place in Australia, such as new laws placed and even forming the common wealth. What did stand out though was racism and differences between other cultures that made Australia very strict on who entered their borders. before early 1800’s, Australia’s people that make up the country were mostly British. Around the late 1700’s

The Gold Rush was a time in history when gold was found in California and people from all over the United States and the world came looking for gold. The year was 1849, the men looking for gold were called the 49ers. They used many different devices to find gold such as pic-axes and buckets etcetera. It was a regular day in September and the town mayor hired James W. Marshall to build a sawmill for the town. He did his job and then he saw something shiny in the water. He picked it up and thought