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Important milestones from the history of gold
1859
Comstock silver vein was discovered in Nevada, USA. Thanks to gold and silver deposits Nevada was proclaimed a state five years later.
1886
George Harrison discovered large gold deposits near Johannesburg, South Africa.
1887
Scottish physicists Robert and William Forrest and chemist John MacArthur invented cyaniding method which enabled gold extraction from rock using cyanide.
1896
Two prospectors discovered gold in Klondike River in Alaska, USA starting the “Gold Rush of Century”.
1900
The Gold Standard Act was issued in USA based on which U.S. dollar became exchangeable for gold.
1903
The Engelhard Corporation presented an organic medium to print gold on surfaces. Gold was used for decorative purposes for the first time and then was applied also in other fields.
1922
Howard Carter discovered in Egypt an almost intact tomb of pharaoh Tutankhamun from half of century B.C. The pharaoh’s funeral equipment still represents a unique collection of jewellery and golden objects.
1927
French physicians discovered positive effects of gold in treatment of rheumatoid arthritis.
1933
U.S. President F.D. Roosevelt prohibited exports of gold and U.S. dollar’s convertibility to gold.
1934
U.S. President F.D. Roosevelt set the gold price to 35 dollars per troy ounce.
1944
The Bretton Woods Agreement established international gold standard and created the International Monetary Fund and the World Bank.
1947
AT&T presented the first transistor. Its contacts were made using gold.
1960
Laser was developed. Its effects were increased by application of a mirror with golden surface.
1961
Nevada became the biggest gold supplier in U.S. territory.
1969
Special glasses of U.S. astronauts from Apollo 11 were partially gold-plated.
1973
The gold standard regime was dropped in USA. The price of gold was then set solely by the market. In June 1973, the gold price climbed to 120 USD per troy ounce.
1974
The U.S. government lifted all restrictive measures regarding individual ownership of gold.
1976
Foundation of Gold Institute in Washington, D.C. as an institution specializing in acquisition of all available information regarding gold.
1980
On 21 January, the price of gold reached 850 US dollars for troy once marking its historical maximum.
1986
Gold-plated compact discs appeared in the market.