Facts about Gold

With gold being so popular recently because of its high value, many may not know of some of the interesting facts associated with this precious metal.  First lets define gold.  Gold is defined as a soft, yellow, corrosion-resistant element, the most malleable and ductile metal, occurring in veins and alluvial deposits and recovered by mining or by panning or sluicing.  Because it is a good thermal conductor it is often used in electronics and other devices.  The most common use for gold however is for decoration in jewelry and other precious pieces. It can be made into necklaces, bracelets, charms, coins, dental appliances and more.

Since gold is so widely dispersed across the globe, many different people have discovered at different times, but all were impressed with its color and how easy it was to work it.  It is said that the Egyptians were the first to use gold as jewelry.

Fun Facts
• The demand for gold rises in December because gold jewelry is a very popular Christmas gift.
• Gold is the only metal that won’t rust.
• Once ounce of gold is worth more than a five carat diamond.
• The first gold coins were used in ancient Turkey
• South Africa is the leading producer of gold.

Because gold is so valuable and durable, it is one of the most recycled metals on the planet.  When jewelry is broken, or electronics that contain gold are no longer working, these items can be sent to refineries, melted down, and the gold can be separated very easily for use in other items.

Manhattan Gold & Silver Update

We are open for business with limited hours from 11am - 2pm. The easiest method for metal processing is to either mail, or drop off/curbside service. Customers will not be allowed in the exchange at this time. 

If you have any questions you can still contact us at 212-398-1454 and sign up for our newsletter for further announcements.

Most importantly, please stay safe! 

Skip to content