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The Glittering Metal In The Middle Ages

Todays Date: November 17, 2018

Marco Polo, the Venetian explorer that traveled all the way to China in 1271, managed to inspire the whole Europe with his book. “The travels of Marco Polo” presents tales about gold treasures that could be found in the remote parts of the world.

Columbus left from Spain in hope to reach the trade-rich Orient. Even if the declared motif for Spain was to spread Christianity, they also expected to capture great amounts of gold in course of the journey. King Ferdinand, the financier of the expedition, told Columbus to come back with as much gold as he could. In the 16th century, Spain had concentrated its powers in conquering Central and South America. In their quest, they also hoped to find El Dorado, the city where gold could be found everywhere.

The city was declared to be found several times. Each time explorers found the glittering metal, they declared that they found the mythical city and they started a gold rush. One of the most important gold rushes took place in Brazil’s Minas region in 1700. Slaves from Africa where brought to do the mining. Primitive methods were used such as panning. In 1720, Brazil became the largest gold producer in the world. Gold mining was the main activity in the area.

In the US the first gold rush took place in North California. This state supplied the necessary domestic precious metal coined for currency by the U.S Mint in Philadelphia until 1830. In 1848, John Marshal, a New Jersey contractor and builder, discovered gold flakes while he was overseeing the construction of a sawmill in Sacramento, California. By the end of the year there were about 5.000 people prospecting for the glittering metal in the area. At the end of 1849 the number reached 40.000.

People have always had a passion for this glittering metal. It was always considered to be a valuable asset and a good investment.

Learn from professionals how buying gold can help you in times of recession.

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