1 thought on “Value of gold”

  1. First, gold is an asset.
    The scarcity of gold makes gold very precious, and the stability of gold makes gold easy to save. Therefore, gold not only becomes human material wealth, but also an important means of human storage wealth. Therefore, gold has been particularly favored by human beings. Golden historian Green pointed out: "The civilization of ancient Egypt and ancient Roman was planted by gold." Pastening to occupy more gold is the driving force of ancient Egypt and the ancient Roman ruler. From 2000 BC to 1849 BC, the rulers of ancient Egypt had four plunder war on Nubia (a small country upstream of the Nile River), occupying all the gold mines of Nubia. From 1525 BC to 1465 BC, the Eighteenth Egyptian King of the Egyptian Dynasty launched two wars, plundering a large number of gold and silver from Palestine and Syria. A large amount of gold and silver flow into Egypt, greatly increased Egyptian wealth, so that they have the ability to build large water conservancy projects, develop agriculture, build luxury palaces and cemeteries, and leave huge Amon Temple relics and pyramids for humans. The golden coffin in the tomb of Tutanhamon is 110 kilograms. In 47 BC, the ancient Egypt was occupied by the Roman Empire. When the Roman Emperor Caesar triumphant Rome, Roman showed 2822 golden crowns plundered from Egypt. Each golden crown weighed 8 kg and a total of 22.58 tons. It also showed 1,815 tons of silver. The gold and silver of the parade weighed 65,000 Tarant, about 1950 tons. The accumulation of gold and silver has greatly increased the national strength of the Roman Empire, making them capable of building a group of magnificent buildings. Although most of these buildings are now broken walls, they still have a profound impact on human beings in terms of literature, history, law, and philosophy.
    Gold is also the material foundation of modern industrial civilization. The development of new routes in the 16th century and the discovery of the new continent had a huge impact on European economic life. Among them, gold in the Americas, Africa, and silver flowed into Europe, increasing the original accumulation of European capitalism. In the 16th century, Portugal plundered 276 tons of gold from Africa; more gold and silver plundered from the Americas in Spain, and Spain controlled 83%of the world's gold mining volume at the end of the 16th century. The large flow of gold and silver has caused the rise in European prices, and the first price revolution has appeared, which has played a huge role in promoting the disintegration of European feudalism and the establishment of capitalist production relations.
    17th century Portugal formed an alliance with Britain in order to fight against Spain, and opened the market to British industrial products. At this time, the climax of Brazil's gold development under the control of Portugal was rising, and Brazil's gold was likely to be transformed into capital, and Portugal completed the industrial revolution. However, due to the ruler's feudal autocracy, Portugal became a golden funnel, and most of the gold flowed to the UK. There are 600 tons of gold that flows into the British Treasury. In addition to the inflows of other countries, Britain has quickly accumulated huge amounts of currency capital, and took the lead in implementing the gold standard system in 1717, providing a reliable economic guarantee for the British financial system Essence Therefore, the second price revolution that occurred at this time not only did not affect the financial industry in the UK, but created conditions for the exports of British products. The export volume of British products accounted for 1/4 of the world's total. The industrial revolution finally happened in the UK.
    The characters played by contemporary gold have changed, but countries still reserve about 31,000 tons of gold wealth to prepare unexpected needs; more than 20,000 tons of gold are private investment wealth. Therefore, some people think that about 40 % of the approximately 140,000 tons of gold produced by human beings are currently as financial assets, existing in the financial field, and about 60 % of them are general products. The main function is to consume.
    Secondly, gold is a currency.
    Golden has a long history of currency. It has been more than 2,300 years since the unearthed ancient Roman Yarlishan gold coins. Persian gold coins have a history of more than 2,500 years. The earliest gold coins in China were the "love" cast by Chu during the Spring and Autumn Period and the Warring States Period, which has a history of more than 2,300 years. However, these gold coins are only auxiliary currency used within a certain range and area. Gold has become a world -recognized international currency during the "golden -based" period that appeared in the nineteenth century. "Golden System" means that gold can be used as a means of domestic payment and used for circulation settlement; international hard currency can be used as a foreign trade settlement.
    , although the British first implemented the Golden System as early as 1717, it was not officially determined by the system until 1816. After that, Germany, Sweden, Norway, the Netherlands, the United States, France, Russia, and Japan successively announced the implementation of the gold standard. The golden standard is the peak of the performance of gold currency attributes. For more than 200 years, the elderly in the world has implemented the Golden Latest. For decades, China has not implemented the gold standard system. Later, due to the outbreak of the world war, all countries have undergone gold control, and the golden standard system is difficult to maintain. On the eve of the end of World War II, under the leadership of the United States, a Bretton Forest Conference was held to adopt relevant resolutions to decide to establish an international currency system centered on the US dollar. Gold's international obligation. However, there have been several trend of gold buying several times in the 1960s. In order to safeguard their own interests, the United States first gave up the gold fixed official price, and then announced that it would no longer bear the obligation to exchange gold. Therefore Gold non -monetization reform. From the early 1970s, this reform was approved by the "International Monetary Fund Agreement" after 1978. It can be said that the gold non -monetization process at the institutional level has been completed. Marx said: "Currency is naturally not gold and silver, and gold and silver are naturally currency." Just as before the golden standard, gold exerts the monetary function. Gold non -monetization at the institutional level does not mean that gold has completely lost the currency. Function: Foreign trade settlement no longer uses gold, but when in the end, when balanced and expenditure, gold is still an acceptable settlement method for both parties to trade.
    Golden non -monetization does not specify the whereabouts of the huge gold reserves of various countries. Even the International Monetary Fund Organization of Golden Non -Monetary Banner also only stipulates 1/6 of the gold reserves, and retains most of the gold. Reserve, obviously left a currency gold tail for himself. The euro monetary system born in the late 1990s clarified that gold accounted for 15%of the currency reserves of the system. This is the return of gold currency. Gold is still the fifth largest international settlement currency after the US dollar, euro, British, and yen. The great economist Kanes revealed the secret of currency gold. He pointed out: "Gold plays an important role in our system. It is the last guard and the reserve when the emergency needs, and there is nothing else to replace it. "Gold can now be regarded as a quasi -currency.
    third, gold is also a product.
    Make gold jewelry (including jewelry, Buddha statues, architectural decoration, etc.) and golden appliances are the most basic use of gold. If there is any change, it is that the gold jewelry has moved from the court and the temple to the people, and from the privileges of the nobles of the officials to the public consumption. More than 80%of the world's gold supply now is absorbed by the jewelry industry. Due to the expensive price of gold and the relatively scarce resources, the use of gold in industries is limited, and the proportion of industrial gold accounts for less than 10%of the world's total demand. However, it is believed that in the future, the use of gold for jewelry will tend to be stable, and the growth of industrial gold will be an important force to drive the changes in the structure of the gold supply and demand. Therefore, the use of gold's commodity needs to be developed in many ways. The current use of gold commodities is mainly the jewelry, electronics industry, dentist, gold chapter and other industrial gold. It should be acknowledged that the use of gold in gold is still very small, which is also the result of the strict control of the country as a currency metal for a long time. In the future, with the advancement of the reform of the international financial system; the return of the return of financial gold's commodity attributes, and the expansion of the demand for gold commodity will be of more important significance for the development of the gold industry.
    Golden is a natural product that exists in a free state in nature. According to the different sources and the different contents of the content, the content of raw gold and cooked gold. Shengjin is also known as natural gold, waste gold, and original gold. It is the object of cooked gold. It is a gold that has not been melted and refined from the mining or river base layer. Born gold is divided into two types: mineral gold and sand gold. Mine -money, also known as the conjunctive gold, is produced in the mine and gold mine. Most of the hot springs pouring out of the ground are seized through the sewing of the rocks, and they are often sandwiched in the gap between the rocks with the quartz. Mine gold is mostly accompanied by other metals. Among them, in addition to gold, there are other metals such as silver, platinum, and zinc. Before other metals were proposed, it was called a precursor. The other metal components produced in different mines are different. Therefore, the percentage is different, generally between 50%-90%. Shajin is produced at the bottom of the river or low -lying area, mixed with Shisha, and washed out of gold.
    S sand gold originated in the mine, because the gold ore exposed to the ground, after a long wind and rain, the rock collapsed through weathering. Or the sandy gravel is deposited to the gold layer to form sand gold. The characteristics of sand gold are: different sizes of particles, large as broad beans, small ones like fine sand, different shapes. The color is different due to the height of the formation. More than 90 % of them are red yellow, eight percent of them are pale yellow, and seven become cyan yellow. Cooked gold is a gold that has been smelted and purified. Generally, the purity is generally high and the density is fine. Some can be directly used in industrial production. Common gold bars, gold blocks, gold ingots, and various jewelry, utensils, gold coins, and industrial gold silk, gold, gold boards, etc. Due to the different uses, the required color is different, or because the device is not purified, it is only melted without purity, or the purity of the mention is insufficient, forming a different golden height.
    Mathery is used to divide mature golds into three types: pure gold, red gold, and color gold according to the high and low. After being purified, gold, which reaches quite high purity, is called pure gold, and generally refers to gold with more than 99.6%. The meaning of Chijin and pure gold is close, but due to the different time and local standards, the standards of Chijin are different. The gold sold in the international market reaches 99.6%of Chi Jin. The red gold in the territory is generally between 99.2%-99.6%. Color gold, also known as "Times" and "tide gold", refers to the low color. Due to the different metal content of these gold, the high color is 99%high, and only 30%of the low. According to the different divisions of other metals, cooked gold can be divided into colorful gold, mixed gold, and K gold. The color gold refers to gold only mixed with silver components, regardless of whether it is high or low. There are more color gold, commonly in gold bars, gold ingots, gold blocks and various utensils and gold jewelry. Mixed -color gold refers to the in addition to silver, but also contains other metals such as copper, zinc, lead, iron. Depending on the type and quantity of the metal contained in, it can be divided into small mixed gold, large mixed gold, bronze mixed gold, and lead -containing large mixed gold. K gold refers to gold and copper according to a certain proportion of gold, according to the formula of 24K formulas. Generally speaking, the more the proportion of k gold is silver, the more colorful the color; the large copper ratio, the color is purple. In the early days of liberation of China, my country's K gold was calculated at the standard of each K4.15%. After 1982, it had been unified with international standards, and per K to 4.1666%as the standard.

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