Five Things You Probably Didn't Know About Gold

On December 31, 1974, private US citizens were allowed to own and purchase gold bullion for the first time in over forty years. Aside from its value, there are plenty of interesting facts about gold. Here are five things you probably didn't know about gold.

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There's Enough Gold in the Ocean to Give Every Person in the World Nine Pounds Each There is so much gold out in the ocean that if you were to dig out all of its reserves, there would be enough to give each person on earth nine pounds of it. The thing is, mining gold from ocean waters would be extremely difficult. That's because the concentration of gold in the ocean is very small. According to a 1990 study published in Elsevier's "Science Direct," there's just one gram of gold per 100 million metric tons of water in the Atlantic and North Pacific Oceans.

Gold Nobel Prizes Were Melted Down To Prevent The Nazis From Confiscating Them In the 1940s, the Nazis ordered that no gold would be allowed to leave Germany. When the Nazis arrived at Copenhagen, a Hungarian chemist named Georgy de Hevesy decided to melt down the gold of Nobel Prizes, which were made of 23-karat gold, won by German physicists James Franck and Max von Laue. He originally thought the prizes should be buried, but worried that they would eventually be dug up and confiscated. So he melted them instead. After the war, they were recast.

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The Olympic Gold Medal Is Only 1% Gold Winning Olympic Gold is the epitome of success for amateur athletes who participate in this worldwide, prestigious sporting tournament. But while the status of taking first prize may be a highly coveted position, the actual medal itself may not be as valuable as one would assume given its size and weight. Only 1 percent of the composition of the Olympic gold medal is gold.

LEGO Gave Gold Bricks To Employees Who Reached Twenty-Five Years Of Service Typically, workers who have remained loyal employees at companies for years and have reached certain milestones may be rewarded with gifts such as a watch. But at LEGO, employees who hit a certain threshold with the company used to get something a little more unconventional. Perhaps fittingly, LEGO employees who completed 25 years of service would receive an actual LEGO brick made of gold—25.65 grams worth, to be exact.

All the Gold Mined in History Can Fit in Three Olympic Swimming Pools Gold mining may go back thousands of years, but the amount of gold that has been extracted from the earth may not be as plentiful as you may think. In fact, all the gold that has ever been mined in the history of mankind can fit in three Olympic-sized swimming pools.