Commercialization of
Gold and Markets

History
As it is known, the auriferous mining and the industry of transformation in countries, which is the main present market, are lost in time.

Take into account that the discovery of many civilizations in the world have been through legends that had gotten to the knowledge of many developed countries that had heard of the wealth in mining and the treasures in gold and silver that existed in those legendary countries.

It is known through many history books that the mining auriferous exploitation in many stages in time were intense, in some particular countries that 5,000 kilos of gold were obtained in specific states and in others an average of about 7,000 kilos, this means that in a present rhythm it would be about 2 and ½ years of mining in actual gold.

For these civilizations the gold was used as a representation of their main god, the sun; for the decoration of their temples; in jewelry for their royalty; and with much certainty, as a symbol of wealth and means of power.

The importance of gold in many cultures gave them great feats; some countries had as much as 172 tons in the production of gold previous to their being conquered.

Many European countries wasted no time in organizing the production. The production progressed and even after the colonization of these countries, the Europeans were able to get 149.5 tons in the production of gold in the colonial era.

In one particular country the production began to increase gradually to an average of 700 kilos per year in 1835, but the wars of the confederation of this country and other three countries as their allies, and after the consolidation of the orders of these countries which order it, and wars with practically all of these countries reduced the production to a level of 160 kilos per year in 1890.

In 1901 the mining code was presented, which came to replace the legislation of such a European country in the matter which was until then in control.

By the year 1900 the average yearly production was that of 1,100 kilos.