Gold has fascinated humans for about as far back as we can trace civilization. Used historically as a symbol of status, gold’s role in the world changed after 1792. The Mint and Coinage Act was passed by the US Congress, establishing a fixed price of gold so that it could become the standard unit of currency in the US.
Things changed over time, and the government completely abandoned gold as the standard for currency in 1971. Since then, gold prices have fluctuated with supply and demand, just like any other valuable commodity.
But gold has historically held its value, especially as compared to the paper dollar. Before 1971, a $20 gold piece and a $20 paper bill were the same value. Now that $20 gold piece is worth about $1900 paper dollars. Don’t we all wish we’d have purchased $25 dollar gold coins in 1971!
The awesome thing about gold jewelry is that the gold it contains also holds value, but unlike gold coins, you don’t have to keep it stashed away in a safe somewhere. You can wear and enjoy your gold as the decorative status symbol that it’s been since the beginning of time. When you want to change it up, you can use the value it’s held to get cash to buy something else.
The unaltered color of gold as it is mined from the ground is bright golden yellow, so originally, all gold jewelry was yellow gold. Other colors of gold jewelry were created by adding other metals to yellow gold. Rose gold is created by adding copper to yellow gold. White gold is a mixture of nickel and zinc with yellow gold.
These other colors of gold have enjoyed degrees of popularity over time, at times surpassing yellow gold’s allure. However, more than any other type of gold, yellow gold has had the greatest surge of popularity in the last year and a half. From editorial pieces to social media, there is a push in favor of wearing bold yellow gold jewelry. Influencers now wear layered yellow gold chains, bulky rings, 14k yellow gold paperclip earrings, and bracelets with gold charms.
Even engagement rings have been following the trend to reclaim the popularity of yellow gold settings alongside the more recently prevalent platinum and white gold rings. This resurgence of popularity makes sense! The precious metal is known for its rich gold color that is highly reflective and does not tarnish.
There is no better time to start growing your gold jewelry collection! Current gold jewelry styles favor clean lines, open metalwork, and geometric shapes – especially interlocking circles. These gold pieces look great as rings that can add elegance or be a bold statement. Gold nugget jewelry has also made a comeback, as a stellar unisex piece that adds texture and dimension to any outfit.