Gold bullion has been a symbol of power harking back to the times of the Aztec and Mayan empires. Often cast into gold coins and statues, gold was used to adorn palaces and throne rooms. As time has moved on gold has retained its desirability, acting as both currency and decoration simultaneously. Gold bullion’s high value means that its possession is limited to those that can afford it and this has led to gold being imitated, diluted and counterfeit. In essence there is nothing wrong with imitating gold, for aesthetic purposes. The rich and deep colour of gold bullion can transform a room and let’s not forget the colour’s traditional coupling with Christmas time. Gold Christmas tree decorations tinsel and sprayed holy leaves are just some examples how cheap faux gold can still have an expensive appearance. Counterfeit gold is much more serious and should be quashed at all costs, as it brings a bad name to the reputable industry. That then just leaves the dilution of gold, by which we mean gold being mixed with other less precious metals or used as plating in order for it to be more affordable. Here are some examples of this occurring.
Olympic medals
Medals have been awarded to sporting champions for many years and the sequence of gold, silver and bronze actually relates to Greek mythology and the First Three Ages of Man. In Greek mythology the Golden Age was where men lived amongst the gods, the Silver Age was where youth last 100 years and the Bronze Age referred to the era of heroes. Probably the largest sporting event currently held is the Olympic Games where winners and runners up are awarded medals in the format previously mentioned. It may come as a surprise to learn that the Gold medal is no longer in fact made from pure gold bullion. The gold medal is actually over 90% silver and contains around only 6 grams of gold bullion. Although no longer solid gold, the achievement of earning one is, I’m sure no less great.
The Oscars
One of the most coveted film and acting award ceremonies is arguably the Oscars and every year celebrities and fans flock to the event held in California. Fans patiently await the nominees and everyone is hoping for a chance to win the Oscar statuette. Shaped like a knight holding a sword, standing atop a five spoke film real, it’s not difficult to see why so many people would want the accolade on their shelf at home. Like many awards though it isn’t cast from pure gold bullion, far from in fact. The Oscar statuette is actually made from Britanium an alloy similar to pewter and then gold plated. Although these Oscars are highly collectable it’s only for their symbolism as opposed to their value in gold bullion.
It’s surprising to learn that even coveted items such as gold medals and award trophies are rarely cast from pure gold bullion, but with gold’s increasing values and precious nature it’s perhaps not difficult to see why.
For more information regarding gold bullion please contact UK Gold Bullion on 01923 856 729. Alternatively you can send us an email on sales@ukgoldbullion.co.uk for a prompt response to your query.