History of Gold

Holiday Gold

This time of year is holy to many.  Have you ever wondered why so many religious buildings and sacred sites use GOLD to adorn their structures?  Gold represented not only beauty, rarity, and value but also sacrifice of the people who built the religious spaces. To incorporate gold into their structures meant taking resources away from their private lives. Because of the sacrificial nature of the gift, to use gold in the construction of an idol was insulting. The family resources would have been devoted to a false belief.

Gold is frequently mentioned in the scriptures of the three world religions that came from the Mideast. Moses discovered a golden calf being molded and worshipped during the time he was receiving the Ten Commandments. Jesus was welcomed by the foreign wise men with a gift of gold. The second […]

By |December 13th, 2012|History of Gold|Comments Off on Holiday Gold

India’s Love Affair with Gold

India has a love affair with gold, and it goes beyond buying small “pretties” to adorn the body. In India, the dream is to acquire gold – and as much of it – as you can afford. For there, gold isn’t merely a component of jewelry, it’s a wearable display of riches. Photobucket

Gold has always played a role in Indian society; there is even a Hindu God dedicated to wealth and prosperity (among other things) called Lakshmi. One day each year is dedicated to Lakshmi. Hindus are taught that buying gold on that day will result in prosperity for the buyer. Gold buying one day before or one day after won’t have the same outcome.

Effect on World Gold Market

India’s demand for gold is so high that they represent 32 percent of the total world gold market. […]

By |March 11th, 2012|Gold Prices, History of Gold|Comments Off on India’s Love Affair with Gold