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Until 2006, South Africa was the world's largest gold producer. In 2007, increasing production from other countries and declining production from South Africa meant that China became the largest producer, although no country has approached the scale of South Africa's period of peak production during the late 1960s and early 1970s.
Precious metals such as gold, silver, and platinum have been used for millennia to create objects of cultural and artistic significance. In jewelry, they are a cornerstone for crafting wedding bands , engagement rings , and ceremonial adornments , often symbolizing love, commitment, and social status.
Gold, a chemical element; Genomes OnLine Database; Global-scale Observations of the Limb and Disk, a NASA Explorer Mission of Opportunity; GOLD (parser), an open-source parser-generator of BNF-based grammars; Graduates of the Last Decade, an Institute of Electrical and Electronics Engineers program to garner more university level student members
When most people think of gold, they usually think of jewelry, or coins and bars -- the metal as a hard investment. Today, though, gold is used in host of technological and industrial applications.
Gold mining is the extraction of gold by mining. Historically, mining gold from alluvial deposits used manual separation processes, such as gold panning. The expansion of gold mining to ores that are not on the surface has led to more complex extraction processes such as pit mining and gold cyanidation. In the 20th and 21st centuries, most ...
The gold and silver Croeseids formed the world's first bimetallic monetary system, c. 550 BC. [6] The Persian daric was also an early gold coin which, along with a similar silver coin, the siglos, (from Ancient Greek σίγλος, Hebrew שֶׁקֶל ) represented the bimetallic monetary standard of the Achaemenid Persian Empire. [7]
Investors generally buy gold as a way of diversifying risk, especially through the use of futures contracts and derivatives. The gold market is subject to speculation and volatility as are other markets. Compared to other precious metals used for investment, gold has been the most effective safe haven across a number of countries. [1]
The use of injected gold compound is indicated for rheumatoid arthritis. [4] Its uses have diminished with the advent of newer compounds such as methotrexate and because of numerous side effects. [4] The efficacy of orally administered gold is more limited than injecting the gold compounds. [5]