AAA Jewelry & Diamond Exchange – 630-852-0003 – We Buy and Sell Wholesale Gold – 1205 Ogden Avenue in Downers Grove – Visit Us for Wholesale Gold, Silver and Diamonds
In addition to customized and fine jewelry items, AAA Jewelry & Diamond Exchange is also a leading buyer and seller of Wholesale Gold. Regardless if it’s gold rings, jewelry or coins we want your collectible items and will offer a great price for them. Come on in to our store in Downers Grove for a free, no-hassle gold evaluation and receive top dollar for broken gold jewelry or unwanted gold pieces. Our staff are experts in the field and will present you with a fair marketplace price regardless of whether you bring us yellow, white or rose gold. We buy gold in any amount and pay out cash right on location. We’ve been a leading buyer and seller for over three decades because we value and respect our customers! We also offer exceptional deals if you are looking to invest in Wholesale Gold.
If you are interested in the purchase of Wholesale Gold pieces, one of the very best places to visit is AAA Jewelry & Diamond Exchange. We simply offer amazing Wholesale Gold pieces in a range of different sizes, shapes and origins. You’ll easily find the piece you’d like at Wholesale Gold prices that save money!
A Look at the Amazing History of Wholesale Gold
Gold has long held a special place in society. It carries a rich history as a precious metal and its unique spot in the world continues to this very day. From ancient Egypt to the present-day United States Treasury Department, there are very few precious metals that possess such an esteemed role in world history as gold.
So, what is it about gold that has always made it so sought after and so valued? Will it continue to be valuable in years to come? Below we’ll take a journey through the colorful past of gold and learn why it remains a valuable metal.
Desire for Wholesale Gold in Ancient Societies
The fascination for gold is probably just as old as documented history. It’s tough to know for certain when it was that the first person saw a piece of gold and recognized its value. Although, gold flakes
have been discovered in caves that date back to around 40,000 B.C.
Most evidence indicates that people who first were in contact with gold were very enamored with the metal. Because gold has been found all around the earth, it is mentioned many times in ancient texts.
Among the earliest reports regarding humans interacting with gold took place during ancient Egyptian times. Gold served an essential role in Egypt’s mythology and was sought by temple priests and leaders. It was so highly regarded that parts of the pyramids in Giza were manufactured with gold.
Ancient Egyptians produced one of the earliest recorded currency exchange ratios that mandated the accurate ratios of gold to silver. A single piece of gold was equivalent to two and a half pieces of silver. This is regarded to be an early documented measurement of silver’s lesser value when compared to gold’s value. The Egyptians even made gold maps that detailed where to locate gold mines and deposits in areas throughout Egypt.
But despite the Egyptian’s passion for gold, they apparently did not use it for trading. Rather, many Egyptian citizens used products such as barley as form of currency. Perhaps the civilization to first use gold for currency was a kingdom in Turkey, according to historians.
Ancient Greece and Gold
Much later in world history, it was in ancient Greece where gold was viewed as a high status symbol and as a sign of glory from the gods. Mere mortals could own gold as an indicator of their wealth and also use it as currency. Surprisingly, the famous Olympian tradition of presenting gold medals to athletes did not start until the contemporary age of the games and seems to have little involvement in Greece’s traditions.
Gold is mentioned in the Bible, where lands near Eden are described as a place to find the precious metal. Many other ancient civilizations like the Incans used gold a lot through early history, such as in religious celebrations and as part of architectural structures.
Gold in the USA
It was in 1792 when the U. S. Congress took action that would shift the course of history for gold when it passed the Mint and Coinage Act. This landmark act set a fixed price for gold in relation to the dollar. Gold coins – and silver coins too – then were declared legal tender in the country. At that point in time, gold was valued at around 15 times more than silver. Silver was typically used for smaller denomination transactions and gold for larger ones. The nation’s mint was lawfully bound to buy and sell the two precious metals at a rate of 15 parts of silver to one part of Wholesale Gold. As a consequence, market rates for gold did not change much from this ratio until following the Civil War.
During that war, the nation was not able to pay all of its debts with gold and silver. Paper money was named as legal tender which marked the initial time that a “fiat” currency (meaning it cannot be converted right on demand at fixed rates) was utilized as the official currency for the U. S.
Only a few short years afterwards in 1873 silver was taken off the Mint’s fixed rated systems through a bill named the Coinage Act. This meant that the famed silver dollar was no longer in circulation, although there were still coins used that were worth less than one dollar that did contain silver. After this point the country would not circulate silver dollars ever again. During the later part of the 1800s, the silver dollar issue was a hot button topic among politicians. By 1900, the government declared the gold dollar as the official standard unit and issued paper dollars to be representative of the gold reserves.
The Gold Rushes of the 1870s
Many gold rushes took place during the 1800s. Because the discovery of just one precious nugget of the metal could make its finder quite wealthy, gold prospectors from far and wide were suddenly on the hunt for riches. Some of the most recognized Wholesale Gold rushes took place in North Carolina in the year 1799. It was sparked by the discovery of a giant 17-pound gold nugget!
The San Francisco 49ers NFL team is named for the famous gold rush of 1849 that happen in California. Prospectors from all over the globe came to the San Francisco area in search of gold. So many people
came to the area because of the gold rush that the city’s population grew about 25 times over in just about two years.
In 1850 Australia, that country was the site of multiple large gold rushes. Gold was found in areas such as Victoria and in New South Wales during the 1850s in addition to Western Australia during the 1890s. Gold rushes served to help boost the populations of vast empty sections of Australia’s Outback. There are still some communities in Australia that can trace their origins to gold rushes of that era.
In 1896 gold was found in the Klondike River of the Yukon Territories as well as in other areas of British Columbia up in Canada. Wholesale Gold prospectors ventured far into the north and braved severe winters to find their treasures.
Buy and Sell Wholesale Gold at AAA Jewelry & Diamond Exchange – 1205 Ogden Avenue in Downers Grove.