Gold and the Economy
Nov 20, 2019· Gold Price History. Before gold was used as coinage, its value was recognized. Gold jewelry is buried in the Tomb of Djer, king of the First Egyptian Dynasty. Gold''s beauty, luster, and malleability made it perfect for many uses. In fact, the Egyptians became masters in the art of beating gold into leaf. Gold was first used for money in 643 BC.