When we look at the history of gold, it is believed to have been discovered in the Middle East by archeologists. At around 300 BC, the Egyptians had perfected the art of beating gold into gold leaf, they were alloying other metals with gold for them to come up with some variations in hardness and colors. In Iraq, gold was used to make a variety of jewelry using classy style that is still worn till today.

•    The history of gold shows us that it became standard medium of exchange during 1500 BC.in Egypt, during the reign of Nubians, they were gold bearing and made Egypt an extremely wealthy nation that used gold in international trade. It was indeed this duration that shekel was being used as used as a measuring standard in the Middle East. This shekel-gold coin weighed around11.3 G and had electrum, a kind of alloy that is naturally occurring and that had two-thirds of gold and one third of silver. Babylonian started the testing of gold purity by the use of fire assay during the 1350 BC.

•    Around 1352 BC, the young Egyptian monarch, King Tutankhamen was interred in a golden laden tomb. An extravagant gold sarcophagus is housing it’s remain, and this tomb was discovered in in 1922. In the 1091 BC, China legitimated the use of squares of gold as a currency. The initial coins of gold were produced in a kingdom of Asia Minor known as Lydia during 560 BC. Moreover, around 58BC, Julius Caesar spent the gold he grabbed in Gaul (France) to settle the arrears of Rome. In 50BC, he started the use of the Aureus, which is a gold coin as a medium of exchange.

•    History of gold tells us that, by 1717, the London Mint’s Master “Isaac Newton” fixed a price for gold, which carried on for two centuries. After some time, in 1787, a goldsmith named Ephraim Brasher created the first gold coin in the United States. The United States Coinage Act then followed this in the year 1792 to create a bimetallic silver and gold standard, which demarcated the US dollar as 371.35 grains of refined silver and 24.75 grains of pure gold.

•    In 1803, United States had the famous gold rush, and by 1850, a man known as Edward hargreaves predicted that he will discover Australia and true to his belief, he discovered the metal in New South Wales in one week. The discovery of Gold South Africa was during 1886. John S. MacArthur who was a chemist patented the extraction of gold by using cyanide, with the help of two Glasgow doctors known as William forest and Robert. Discovery of gold in Northern Canada was in 1896 along the Klondike River this was followed by discoveries in greater Yukon Alaska, which was, initiated the last gold rush of the century.

•    United States adopted the gold standard as a form of its currency in 1900s; an organic medium was introduced 3 years later by the corporation of Engelhard to print gold onto surfaces that became the base for microcircuit printing. Gold still plays an extremely prominent role in trade today as it did during its history.