The Incas referred to gold as the "tears of the Sun."

Homer,in the "Iliad" and "Odyssey," makes mention of gold as the glory of the immortals and a sign of wealth among ordinary humans. In Genesis 2:10-12, we learn of the river Pison out of Eden, and "the land of Havilah, where there is gold: and the gold of that land is good?"As far back as 3100 B.C., we have evidence of a gold/silver value ratio in the code of Menes, the founder of the...

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A History of Gold and Silver

he following story is based on the historical outline by The National Mining Association What is it about gold that when it was first found in the area of Eastern Europe, 4000 BC., a human being decided to pick it up? Long before it had become one of the most desired materials known to practically every culture around the world, something made the first person decide to reach down with their hand and collect it.Perhaps it was the shine, color or shape. It might have been smooth or part of another mineral that had to be separated. This person could not have had any idea of the effect gold would have on humanity. They had no clue that men would work to find and purify this metal, or that they would collect large amounts of it and die...

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Gold Historical Background

Gold has a long and complex history. From gold’s first discovery, it has symbolized wealth and guaranteed power. Gold has caused obsession in men and nations, destroyed some cultures and gave power to others. Archaeological digs suggest the use of Gold began in the Middle East where the first known civilizations began. The oldest pieces of gold jewelry, Egyptian jewelry, were found in the tomb of Queen Zer and of Queen Pu-abi of Ur in Sumeria and are the oldest examples found of any kind of jewelry in a find from the third millennium BC. Over the centuries, most of the Egyptian tombs were raided, but the tomb of Tutankhamen was discovered undisturbed by modern archaeologists. Inside, the largest collection of gold and...

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Abrief History Of Gold

A child finds a shiny rock in a creek, thousands of years ago, and the human race is introduced to gold for the first time. Gold was first discovered as shining, yellow nuggets. "Gold is where you find it," so the saying goes, and gold was first discovered in its natural state, in streams all over the world. No doubt it was the first metal known to early hominids. Gold became a part of...

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Gold was among the first metals to be mined

Throughout the ages men and women have cherished gold, and many have had a compelling desire to amass great quantities of it—so compelling a desire, in fact, that the frantic need to seek and hoard gold has been aptly named “gold fever.” Gold was among the first metals to be mined because it commonly occurs in its native form, that is, not combined with other elements, because it is beautiful and imperishable, and because exquisite objects can be made from it. Artisans of ancient civilizations used gold lavishly in decorating tombs and temples, and gold objects made more than 5,000 years ago have been found in Egypt. Particularly noteworthy are the gold items discovered by Howard Carter and Lord Carnarvon in 1922 in the tomb of Tutankhamun....

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The graves of nobles at the ancient Citadel

The graves of nobles at the ancient Citadel of Mycenae near Nauplion, Greece, discovered by Heinrich Schliemann in 1876, yielded a great variety of gold figurines, masks, cups, diadems, and jewelry, plus hundreds of decorated beads and buttons. These elegant works of art were created by skilled craftsmen more than 3,500 years ago.Tutankhamun’s gold mummy case (photo by Lee Boltin).Sketch of the so-called mask of Agamemnon, one of many gold items from the tombs at MycenaeLocation of the Mahd adh Dhahab gold mi...

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The ancient civilizations

The ancient civilizations appear to have obtained their supplies of gold from various deposits in the Middle East. Mines in the region of the Upper Nile near the Red Sea and in the Nubian Desert area supplied much of the gold used by the Egyptian pharaohs. When these mines could no longer meet their demands, deposits elsewhere, possibly in Yemen and southern Africa, were exploited. Artisans in Mesopotamia and Palestine probably obtained their supplies from Egypt and Arabia. Recent studies of the Mahd adh Dhahab (meaning “Cradle of Gold”) mine in the present Kingdom of Saudi Arabia reveal that gold, silver, and copper were recovered from this region during the reign of King Solomon (961-922 B.C.).(Below) An air view of the Mahd adh Dhahab gold...

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The gold in the Aztec

The gold in the Aztec and Inca treasuries of Mexico and Peru is believed to have come from Colombia, although some undoubtedly was obtained from other sources. The Conquistadores plundered the treasuries of these civilizations during their explorations of the New World, and many gold and silver objects were melted and cast into coins and bars, destroying the priceless artifacts of the Indian culture. Nations of the world today use gold as a medium of exchange in monetary transactions. A large part of the gold stocks of the United States is stored in the vault of the Fort Knox Bullion Depository. The Depository, located about 30 miles southwest of Louisville, Kentucky, is under the supervision of the Director of the Mi...

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Gold in the Depository

Gold in the Depository consists of bars about the size of ordinary building bricks (7 x 3.6 x 1.75 inches) that weigh about 27.5 pounds each (about 400 troy ounces; 1 troy ounce equals about 1.1 avoirdupois ounces). They are stored without wrappings in the vault compartments. Aside from monetary uses, gold is used in jewelry and allied wares, electrical-electronic applications, dentistry, the aircraft-aerospace industry, the arts, and medical and chemical fiel...

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The changes in demand for gold

The changes in demand for gold and supply from domestic mines in the past two decades reflect price changes. After the United States deregulated gold in 1971, the price increased markedly, briefly reaching more than $800 per troy ounce in 1980. Since 1980, the price has remained in the range of $320 to $460 per troy ounce. The rapidly rising prices of the 1970’s encouraged both experienced explorationists and amateur prospectors to renew their search for gold. As a result of their efforts, many new mines opened in the 1980’s, accounting for much of the expansion of gold output. The sharp declines in consumption in 1974 and 1980 resulted from reduced demands for jewelry (the major use of fabricated gold) and investment products, which in turn...

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Gold is called a “noble” metal

Gold is called a “noble” metal (an alchemistic term) because it does not oxidize under ordinary conditions. Its chemical symbol Au is derived from the Latin word “aurum.” In pure form gold has a metallic luster and is sun yellow, but mixtures of other metals, such as silver, copper, nickel, platinum, palladium, tellurium, and iron, with gold create various color hues ranging from silver-white to green and orange-red. Pure gold is relatively soft—it has about the hardness of a penny. It is the most malleable and ductile of metals. The specific gravity or density of pure gold is 19.3 compared to 14.0 for mercury and 11.4 for lea...

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Impure gold

Impure gold, as it commonly occurs in deposits, has a density of 16 to 18, whereas the associated waste rock (gangue) has a density of about 2.5. The difference in density enables gold to be concentrated by gravity and permits the separation of gold from clay, silt, sand, and gravel by various agitating and collecting devices such as the gold pan, rocker, and sluicebox. Mercury (quicksilver) has a chemical affinity for gold. When mercury is added to gold-bearing material, the two metals form an amalgam. Mercury is later separated from amalgam by retorting. Extraction of gold and other precious metals from their ores by treatment with mercury is called amalgamation.Recovering gold in a long sluicebox. Gold-bearing gravels are shoveled into the...

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Gold dissolves in aqua regia

Gold dissolves in aqua regia, a mixture of hydrochloric and nitric acids, and in sodium or potassium cyanide. The latter solvent is the basis for the cyanide process that is used to recover gold from low-grade o...

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The degree of purity of native gold

The degree of purity of native gold, bullion (bars or ingots of unrefined gold), and refined gold is stated in terms of gold content. “Fineness” defines gold content in parts per thousand. For example, a gold nugget containing 885 parts of pure gold and 115 parts of other metals, such as silver and copper, would be considered 885-fine. “Karat” indicates the proportion of solid gold in an alloy based on a total of 24 parts. Thus, 14-karat (14K) gold indicates a composition of 14 parts of gold and 10 parts of other metals. Incidentally, 14K gold is commonly used in jewelry manufacture.“Karat” should not be confused with “carat,” a unit of weight used for precious ston...

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The basic unit of weight used in dealing with gold

The basic unit of weight used in dealing with gold is the troy ounce. One troy ounce is equivalent to 20 troy pennyweights. In the jewelry industry, the common unit of measure is the pennyweight (dwt.) which is equivalent to 1.555 grams. The term “gold-filled” is used to describe articles of jewelry made of base metal which are covered on one or more surfaces with a layer of gold alloy. A quality mark may be used to show the quantity and fineness of the gold alloy. In the United States no article having a gold alloy coating of less than 10-karat fineness may have any quality mark affixed. Lower limits are permitted in some countri...

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No article having a gold alloy

No article having a gold alloy portion of less than one-twentieth by weight may be marked “gold-filled,” but articles may be marked “rolled gold plate” provided the proportional fraction and fineness designations are also shown. Electroplated jewelry items carrying at least 7 millionths of an inch (0.18 micrometers) of gold on significant surfaces may be labeled “electroplate.” Plated thicknesses less than this may be marked “gold flashed” or “gold washed.” Gold is relatively scarce in the earth, but it occurs in many different kinds of rocks and in many different geological environments. Though scarce, gold is concentrated by geologic processes to form commercial deposits of two principal types: lode (primary) deposits and placer (secondary) deposits. Lode deposits are the targets for the...

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One widely accepted hypothesis proposes

One widely accepted hypothesis proposes that many gold deposits, especially those found in volcanic and sedimentary rocks, formed from circulating ground waters driven by heat from bodies of magma (molten Mineralizing solutions travel upward along fractures and form primary deposits. rock) intruded into the Earth’s crust within about 2 to 5 miles of the surface. Active geothermal systems, which are exploited in parts of the United States for natural hot water and steam, provide a modern analog for these gold-depositing systems. Most of the water in geothermal systems originates as rainfall, which moves downward through fractures and permeable beds in cooler parts of the crust and is drawn laterally into areas heated by magma, where it is driven upward...

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Another hypothesis suggests that gold-bearing

Another hypothesis suggests that gold-bearing solutions may be expelled from magma as it cools, precipitating ore materials as they move into cooler surrounding rocks. This hypothesis is applied particularly to gold deposits located in or near masses of granitic rock, which represent solidified magma. A third hypothesis is applied mainly to gold-bearing veins in metamorphic rocks that occur in mountain belts at continental margins. In the mountain-building process, sedimentary and volcanic rocks may bedeeply buried or thrust under the edge of the continent, where they are subjected to high temperatures and pressures resulting in chemical reactions that change the rocks to new mineral assemblages (metamorphism). This hypothesis suggests that...

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The primary concerns of the prospector

The primary concerns of the prospector or miner interested in a lode deposit of gold are to determine the gold content (tenor) per ton of mineralized rock and the size of the deposit. From these data, estimates can be made of the deposit’s value. One of the most commonly used methods for determining the gold and silver content of mineralized rocks is the fire assay. The results are reported as troy ounces of gold or silver or both per short avoirdupois ton of ore or as grams per metric ton of ore. Placer deposits represent concentrations of gold derived from lode deposits by erosion, disintegration or decomposition of the enclosing rock, and subsequent concentration by gravit...

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Gold is extremely resistant to weathering

Gold is extremely resistant to weathering and, when freed from enclosing rocks, is carried downstream as metallic particles consisting of “dust,” flakes, grains, or nuggets. Gold particles in stream deposits are often concentrated on or near bedrock, because they move downward during high-water periods when the entire bed load of sand, gravel, and boulders is agitated and is moving downstream. Fine gold particles collect in depressions or in pockets in sand and gravel bars where the stream current slackens. Concentrations of gold in gravel are called “pay streaks...

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In gold-bearing country

In gold-bearing country, prospectors look for gold where coarse sands and gravel have accumulated and where “black sands” have concentrated and settled with the gold. Magnetite is the most common mineral in black sands, but other heavy minerals such as cassiterite, monazite, ilmenite, chromite, platinum-group metals, and some gem stones may be present. Placer deposits have formed in the same manner throughout the Earth’s history. The processes of weathering and erosion create surface placer deposits that may be buried under rock debris. Although these “fossil” placers are subsequently cemented into hard Laboratory researchers develop new methods of analyzing rocks for gold content. rocks, the shape and characteristics of old river...

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Through laboratory research

Through laboratory research, the U.S. Geological Survey has developed new methods for determining the gold content of rocks and soils of the Earth’s crust. These methods, which detect and measure the amounts of other elements as well as gold, include atomic absorption spectrometry, neutron activation, and inductively coupled plasma-atomic emission spectrometry. These methods enable rapid and extremely sensitive analyses to be made of large numbers of samples. Gold was produced in the southern Appalachian region as early as 1792 and perhaps as early as 1775 in southern California. The discovery of gold at Sutter’s Mill in California sparked the gold rush of 1849-50, and hundreds of mining camps sprang to life as new deposits were discovered. Gold production increased rapdly. Deposits in the...

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During World War

During World War I and for some years thereafter, the annual production declined to about 2 million ounces. When the price of gold was raised from $20.67 to $35 an ounce in 1934, production increased rapidly and again exceeded the 4-million-ounce level in 1937. Shortly after the start of World War II, gold mines were closed by the War Production Board and not permitted to reopen until 1945. From the end of World War II through 1983, domestic mine production of gold did not exceed 2 million ounces annually. Since 1985, annual production has risen by 1 million to 1.5 million ounces everyMining rich gold-silver at Goldfield, Nevada, circa 1905.year. By the end of 1989, the cumulative output from deposits in the United States since 1792 reached...

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Total world production of gold

Total world production of gold is estimated to be about 3.4 billion troy ounces, of which more than two-thirds was mined in the past 50 years. About 45 percent of the world’s total gold production has been from the Witwatersrand district in South Africa. The largest gold mine in the United States is the Homestake mine at Lead, South Dakota. This mine, which is 8,000 feet deep, has accounted for almost 10 percent of total United States gold production since it opened in 1876. It has combined production and reserves of about 40 million troy ounces. In the past two decades, low-grade disseminated gold deposits have become increasingly important. More than 75 such deposits have been found in the Western States, mostly in Nevada. The first majorproducer...

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Where most byproduct gold has come from

Most byproduct gold has come from porphyry deposits, which are so large that even though they contain only a small amount of gold per ton of ore, so much rock is mined that a substantial amount of gold is recovered. The largest single source of byproduct gold in the United States is the porphyry deposit at Bingham Canyon, Utah, which has produced about 18 million troy ounces of gold since 1906. Geologists examine all factors controlling the origin and emplacement of mineral deposits, including those containing gold. Igneous and metamorphic rocks are studied in the field and in the laboratory to gain an understanding of how they came to their present location, how they crystallized to solid rock, and how mineral-bearing solutions formed within them. Studies of rock structures, such as folds,...

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