Gold – 1950’s to 1980

Our previous segment on gold took us to 1945, when U.S. Congress establishes a new gold exchange standard as well as two new international organizations: the World Bank and the International Monetary Fund.

We resume our gold exploration in 1954. The London gold market reopens at this time after being closed during World War II.

1960 – AT&T Bell Laboratories obtains a patent for the invention of the laser. Gold-coated mirrors are key components of the device. Meanwhile, research by The European Rheumatism Council confirms that when administered intravenously, gold provides effective treatment for rheumatoid arthritis.

Astronaut’s Gold-Coated Visor

1965 – Col. Edward White performs the first space walk during the Gemini IV mission. His visor provides protection from direct sunlight thanks to a special gold coating. This has since becomes a standard safety feature.

1968 – Intel introduces a microchip containing 1,024 transistors. These are interconnected with gold circuits that are so small that they cannot be seen by the naked eye.

The Gold Institute is established in 1976. Its mission is to promote the common business interests of the gold industry. To this end, it provides information and statistical data to its members, the public and the media.

To be continued…

Also Read: Gold – 1900 to 1950


About PS MacMurray

Paschal'Simon MacMurray, the scribe, specializes in providing a no nonsense Facebook and Blog presence for small business owners who want quality without breaking the bank. PS MacMurray, the artisan, creates art on a whim using fabric, paper, beads, twine and wire. View all posts by PS MacMurray

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