International Gold Information for Kids
Gold is a precious metal that has been used for centuries to make jewelry, coins, and other objects. It is a soft, shiny metal that is very malleable and ductile, meaning that it can be easily shaped and stretched. Gold is also very resistant to corrosion, which means that it does not tarnish or rust.
Where is gold found?
Gold is found in the earth’s crust, and it is usually mined from underground. The largest gold mines in the world are located in South Africa, China, Russia, and the United States.
How is gold used?
Gold is used in a variety of ways, including:
* Jewelry: Gold is a popular material for jewelry, because it is beautiful and durable.
* Coins: Gold coins have been used as currency for centuries.
* Electronics: Gold is used in a variety of electronic devices, such as computers and cell phones.
* Dentistry: Gold is used in dentistry to make crowns and other dental appliances.
What is the value of gold?
The value of gold is determined by a number of factors, including:
* Supply and demand: The price of gold goes up when there is more demand for it than there is supply.
* Economic conditions: The price of gold often goes up during economic downturns, because investors see it as a safe investment.
* Currency fluctuations: The price of gold is also affected by currency fluctuations. When the dollar is weak, the price of gold goes up.
Fun facts about gold:
* Gold is the most malleable and ductile metal.
* Gold is a good conductor of electricity.
* Gold is edible.
* The world’s largest gold nugget was found in Australia in 1858. It weighed over 228 pounds.
* Gold is a very rare metal. There is only about one ounce of gold for every two million tons of rock.
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