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Gold Yesterday, Cash for Gold Today

For time immemorial, gold has played an important role in lifestyle and economy. As a finite natural resource, its value has never decreased; if anything, it is increasing with time. There is no substitute, and there is no artificial alternative. It is Cheap Brandon Parker Jersey , in the purest sense of the word, one of the most valuable elements on planet earth. It is pure gold.

It was already back in Egypt that gold made a marked appearance. The pharaohs requested tons of gold for cosmetic purposes, to adorn their thrones, clothes, shoes, wives Cheap Johnny Townsend Jersey , and the like. Slaves were sent to mine the precious metal under strict supervision. Particularly noteworthy are the gold items discovered by Howard Carter and Lord Carnarvon in 1922 in the tomb of Tutankhamun. This young pharaoh ruled Egypt in the 14th century B.C. Gold was, and remains, one of the most precious commodities.

The trend continued into the time of the Greeks, where towering works of architecture were adorned with gold carvings. The wealthy sported gold figurines, masks, cups Cheap P.J. Hall Jersey , diadems, and jewelry, plus hundreds of decorated beads and buttons. The Romans, who took many aspects of their culture from the Greeks, also placed a heavy emphasis on all forms of gold, both refined and scrap gold.

And so the gold fever continued through the California Gold Rush Cheap Kolton Miller Jersey , where people grabbed gold for themselves, into our modern day economy. The discovery of gold at Sutter's Mill in California sparked the gold rush of 1849-50, and hundreds of mining camps sprang to life as new deposits were discovered. Gold production increased rapidly, as people rapidly looked to sell their newly mined gold. Deposits in the Mother Lode and Grass Valley districts in California and the Comstock Lode in Nevada were discovered during the 1860's, and the Cripple Creek deposits in Colorado began to produce gold in 1892. By 1905 the Tonopah and Goldfield deposits in Nevada and the Alaskan placer deposits had been discovered, and United States gold production for the first time exceeded 4 million troy ounces a year--a level maintained until 1917.

During World War I and for some years thereafter Cheap Donald Penn Jersey , the annual production declined to about 2 million ounces. When the price of gold was raised from $20.67 to $35 an ounce in 1934, production increased rapidly and again exceeded the 4-million-ounce level in 1937. Shortly after the start of World War II, gold mines were closed by the War Production Board and not permitted to reopen until 1945.

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