Gold Education ~ School Information ~ Australian History

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Page 5 ~ Some Observations About Gold

Gold reached a peak of $A870 per oz. in the late 1970s. In July 2000 it was about A$450. You can check the price at any time in the newspaper.
Gold is said to be so rare that the world pours more steel in an hour than it has poured gold since time began.
The amount of gold nuggets found in the world account for less than 1% of all gold discovered.
An authentic gold nugget has long been considered a gemstone because of its rarity and beauty.
Two of the largest nuggets found in Australia were the "Easter Day", (found in 1976), weighing 53.75 kilograms and "The Hand of Faith" (found in 1980), weighing 38 kilograms.
Australia is the 7th largest gold producing country in the world. America, China, Russia and South Africa are the major producers.
Gold is so heavy that one cubic foot weighs half a ton and it can be hammered so thin that sunlight can shine through it.
A single troy oz. of gold (31.1035 grams) can be drawn into a wire 100 kilometres long.
Gold is so soft that it is seldom used in its pure form. Jewellery marked 10K is made up of 10 parts gold and 14 parts other metals.
The hardness of gold, (on Moh's scale), is 2.5- 3.0. Its melting point is 2,063 degrees Fahrenheit and its specific gravity is 19.7.
Gold is chemically liquefied and injected into the muscles of rheumatoid arthritis sufferers.

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