History of Gold (continued)
During the 1920s, colloidal gold, that is gold suspended in a
solution, was used with considerable success as a treatment for rheumatoid
arthritis.
In 1933, with the world in the depths of the Great Depression, President
Franklin Roosevelt, in order to halt the bank panic, prohibited private holdings
of all gold coins, bullion, and certificates. The next year, The God Reserve Act
halted the minting of gold coins and gave the government permanent title to all
monetary gold. This law would remain in effect for the next 40 years until
rescinded on December 31, 1974.
Beginning in 1935 with Western Electric Alloy #1, gold (with silver and
platinum) was put to use as an electrical conductor.
In 1935, the Fort Knox Gold Bullion Depository was established in Kentucky.
In 1947, gold contacts were used in the first transistor at AT &T Bell
Laboratories. In 1960, they would develop the laser, using gold-coated mirrors.
In 1965, during the Gemini IV mission, Colonel Edward White, USAF made a space
walk. Part of his equipment was a gold-coated visor as protection from direct
sunlight.
In 1968, Intel developed a microchip whose transistors were connected with gold
circuits.
In 1982, new gold deposits were discovered in North America and Australia.
The World Gold Council was founded in 1987 to establish, develop, and sustain
the demand for end uses of gold.
Conclusion:
Gold
Production: Producer Nations
Page
1
2
3 [4]
5
14K Solid White Gold Curb
Bracelet
14K Solid White Gold Mariner
Bracelet
Related Article:
Rising Price
of Gold and Retail Jewelry
Pricing Gold
Chains
|