1038: Gold | Skeptical Sunday

Ancient Uses

Gold has played a significant role in human history, from ancient Egypt to modern times. Michael Regilio explains that the Egyptians believed gold came from the sun and was the flesh of gods, using it to signify power and immortality 1. The first gold coins were minted by King Croesus of Lydia around 550 BC, followed by the Egyptians with the shekel, a naturally occurring alloy of gold and silver 2.

   

Gold Paradoxes

Despite its rarity, gold is paradoxically abundant in inaccessible parts of the world. Michael Regilio highlights that there are 1.6 quadrillion tons of gold in the Earth's core, enough to cover all land in 20 inches of gold 3. However, only a small amount is accessible for mining, making it a precious commodity. This scarcity drives people to extreme lengths to obtain it, as seen in the deepest gold mines in South Africa, which are 2.5 miles below the Earth's surface 3.

   

Explorations

The quest for gold has driven historical explorations and conquests. Michael Regilio notes that Columbus mentioned gold 65 times in his diaries, highlighting his obsession with the metal 4. The Spanish conquistadors, driven by the legend of El Dorado, caused immense suffering in their pursuit of gold. Despite the pain and destruction, the gold plundered by the Spanish was largely squandered, failing to make Spain the economic powerhouse it hoped to be 4.

   

Modern Significance

Gold's significance extends into modern times, influencing economic policies and technological advancements. Michael Regilio explains that in 1933, FDR enacted an order requiring Americans to turn in their gold to the government to print more money during the Great Depression 5. Today, gold is used in electronics, dentistry, and space exploration due to its unique properties like corrosion resistance and excellent conductivity 5.