![]() Compared to other elements, gold was relatively rare in nature, but there was still a substantial amount of it for it to back currencies. In other words, the value of a dollar was based on an amount of gold, and gold could be exchanged for an amount of paper currency.īecause of its malleability, relative ease of melting, and attractiveness, gold was extremely valuable and was a form of currency in ancient civilizations. ![]() Until 1933, the United States used the gold standard, in which gold backed the paper currency. The gold atom has an electron configuration of 4f 14 5d 10 6s 1 The Gold Standard Silver and copper are also in group 11, although gold is not that similar to them chemically. It is a very nonreactive transition metal in group 11, period 6, with 1 valence electron. It is located in the d-block on the periodic table, with platinum to its left and mercury on its right. Gold, symbol Au, has an atomic number of 79.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |