|
4000 BC |
The
first known use of gold occurs in parts of Central and
Eastern Europe. |
|
3000 |
The
Egyptians master the arts of beating gold into leaf and
alloying gold with other metals to achieve variations in
hardness and color. They also develop the ability to cast
gold, using the lost-wax technique still used in today's
jewelry industry. The Sumer civilization of southern Iraq
uses gold to create a wide range of jewelry, often using
sophisticated and varied styles still worn today. |
|
2500 |
Gold
jewelry is buried in the tomb of Djer, the king of the
first Egyptian dynasty, at Abydos, Egypt. |
|
1500 |
The
immense, gold-bearing regions of Nubia make Egypt a
wealthy nation, as gold becomes the recognized standard
medium of exchange for international trade. The shekel, a
coin originally weighing 11.3 grams of gold, is used as a
standard unit of measure throughout the Middle East. The
coin, which contained a naturally occurring alloy called
electrum, was approximately two-thirds gold and one-third
silver. |
|
1352 |
The
young Egyptian King Tutankhamun is interred in a pyramid
tomb laden with gold, his remains laid in an extravagant
gold anthropoid sarcophagus. |
|
1350 |
The
Babylonians begin to use fire assay to test the purity of
gold. |
|
1091 |
Squares of gold are legalized in China as a form of money.
|
|
560 |
The
first coins made purely from gold are minted in Lydia, a
kingdom of Asia Minor. |
|
58 |
Julius
Caesar seizes enough gold in Gaul (France) to repay Rome's
debts. |
|
50 |
The
Romans issue a gold coin called the Aureus. |
|
600-900 AD |
The
Byzantine Empire resumes gold mining in central Europe and
France, an area undeveloped since the fall of the Roman
Empire. Artisans of the period produce intricate gold
artifacts and icons. |
|
1100 |
Venice
secures its position as the world's leading gold bullion
market due to its location astride the trade routes to the
east. |
|
1284 |
Venice
introduces the gold ducat, which soon becomes the most
popular coin in the world, and remains so for more than
five centuries.Great Britain issues its first major gold
coin, the florin, which is followed by the noble, the
angel, the crown, and the guinea. |
|
1511 |
King
Ferdinand of Spain sends explorers to the Western
Hemisphere with the command to "get gold." |
|
1717 |
Isaac
Newton, Master of the London Mint, sets the price of gold
that lasts for 200 years. |
|
1787 |
Ephraim Brasher, a goldsmith, strikes first US gold coin.
|
|
1792 |
The
Coinage Act places the young United Sates on a bimetallic
silver/gold standard, defining the US Dollar as equivalent
to 24.75 grains of fine gold, and 371.25 grains of fine
silver. |
|
1803 |
North
Carolina site of first US gold rush. The state supplies
all the domestic gold coined for currency by the US Mint
in Philadelphia until 1828. |
|
1848 |
The
California gold rush begins when James Marshall finds
specks of gold in the water at John Sutter's sawmill near
the junction of the American and Sacramento rivers.
|
|
1850 |
Edward
Hammong Hargraves, returning from California, predicts he
will find gold in Australia within one week. He discovers
gold in New South Wales within one week of landing. |
|
1859 |
The
Comstock Lode of gold and silver is discovered in Nevada.
As a result, Nevada is made a state five years later.
|
|
1886 |
George
Harrison, while digging stones to build a house, discovers
gold in South Africa. |
|
1887 |
Glasgow doctors, Robert and William Forrest, and chemist
John S. MacArthur patent the process for extracting gold
from ore using cyanide. |
|
1896 |
Two
prospectors discover gold while fishing in the Klondike
River in northern Canada; richer finds were rumored
farther south in Alaska's Yukon, spawning the Alaska Gold
Rush in 1898 -- the last gold rush of the century.
|
|
1900 |
US
adopts the gold standard for its currency. |
|
1903 |
The
Engelhard Corporation introduces an organic medium to
print gold on surfaces. First used for decoration, the
medium becomes the foundation for microcircuit printing
technology. |
|
1922 |
King
Tutankhamun's tomb (1352 BC) opened to reveal a 2,448 lb.
gold coffin and hundreds of gold and gold-leafed objects
|
|
1927 |
A
medical study in France proves gold to be valuable in
treatment of Rheumatoid arthritis. |
|
1933 |
President Franklin D. Roosevelt bans the export of gold,
halts the convertibility of dollar bills into gold, orders
US citizens to hand in all the gold they possess, and
establishes a daily price for gold. |
|
1934 |
President Roosevelt fixes the price of gold at US $35 per
ounce. |
|
1935 |
Western Electric Alloy #1 (69% gold, 25% silver and 6%
platinum) finds universal use in all switching contacts
for AT&T telecommunications equipment. |
|
1944 |
The
Bretton-Woods agreement sets an international gold
exchange standard and creates two new international
organizations, the International Monetary Fund (IMF) and
the World Bank. The new standard sets par values for
currencies in terms of gold and obligates member countries
to convert foreign official holdings of their currencies
into gold at these par values. |
|
1947 |
The
first transistor, the building block for electronics, is
assembled at AT&T Bell Laboratories. The device uses gold
contacts pressed into a germanium surface. |
|
1960 |
The
laser is invented using gold-coated mirrors to maximize
infrared reflection. |
|
1961 |
Modern-day mining begins in Nevada's Carlin Trend,
ultimately making Nevada the largest gold-mining state in
the US. |
|
1968 |
Intel
introduces a microchip with 1,024 transistors connected by
gold circuits. On March 15, central banks give up fixed
price of gold at $35 per
troy ounce and
let it free float. |
|
1969 |
Gold
coated visors protect the astronauts' eyes from searing
sunlight on the moon (Apollo 11 moon landing).
|
|
1970 |
The
charged coupled device is invented, using gold to collect
electrons generated by light, eventually used in hundreds
of military and civilian devices, including video cameras.
|
|
1971 |
The
colloidal gold marker system is introduced by Amersham
Corporation of Illinois. Tiny spheres of gold are used in
health research laboratories worldwide to mark or tag
specific proteins to reveal their function in the human
body for the treatment of disease. |
|
1973 |
The US
dollar is removed from gold standard, and gold prices are
allowed to float free. By June, the market for gold in
London reaches more than $120 per ounce. |
|
1974 |
On
December 31, US government ends its ban on individual
ownership of gold. |
|
1976 |
The
Gold Institute is established in Washington, DC, to
promote the common interests of the gold industry by
providing statistical data and other relevant information
to its members, the media, government, and the public.
|
|
1980 |
Gold
reaches intra-day historic high price of $870 on January
21 in New York. |
|
1986 |
Gold-coated compact discs are introduced. |
|
1987 |
Airbags are introduced for cars, using gold contacts for
reliability |
|
1996 |
The
Mars Global Surveyor is launched with an on-board
gold-coated parabolic telescope-mirror that will generate
a detailed map of the entire Martian surface over a
two-year period. |
|
1997 |
Congress passes Taxpayers Relief Act, allowing US
Individual Retirement Account holders to buy gold bullion
coins and bars for their accounts as long as they are of a
fineness equal to, or exceeding, 99.5 percent gold.
|
|
1999 |
The
Euro, a pan-European currency, is introduced, backed by a
new European Central Bank holding 15% of its reserves in
gold. |
|
2000 |
Astronomers at the Keck Observatory in Hawaii use the
giant gold-coated mirrors of the observatory's twin
telescopes to produce the most detailed images of Neptune
and Uranus ever captured. |