Introduction: A Metal That Knows No Time
Every civilization, every empire, and every era has its own story about gold.
- At times it was payment for military service; at others, the armor of kings and emperors; sometimes a symbol of luxury, sometimes a means of survival in times of crisis. Today, gold is hidden inside the devices we carry in our pockets.
If we were to describe human history through a single material, it would be a golden thread. From the legionary with his aureus to the student checking the news on an iPhone – gold has accompanied us continuously for millennia.
1. The Roman Legionary and the Aureus: The Wage That Held the Empire Together
In 23 BC, Emperor Augustus introduced a gold coin called the aureus. It contained 8 grams of gold and became the basic currency of the empire. A legionary received an aureus as his monthly pay.
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Tacitus, the Roman historian, wrote:
“A soldier fights for his aureus more than for the emperor.”
The aureus was not merely payment – it was a promise that the state would keep its word.
When later emperors attempted to debase the aureus with copper or silver, something fatal occurred: the soldiers lost trust. Without the aureus in its pure form, they were no longer willing to risk their lives.
And so the metal became stronger than commands.
2. Alexander’s Gold: Capital for Conquering the World
When Alexander the Great conquered Persia in 330 BC, he discovered the largest treasure of the ancient world – more than 200 tons of gold. This was not merely a trophy, but capital for expansion.
Arrian, the Greek historian, describes how Alexander rewarded his soldiers with gold after every battle, thereby maintaining their loyalty.
Persian gold financed the construction of Alexandria, the founding of new cities, and the wages of soldiers on the march toward India. Without gold, Alexander would have remained a local king. With it, he became “the Great”.
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3. Inflation and a Gold Ring for a House
Fast forward to the 20th century – Germany, 1923. Paper money was losing value by the hour.
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Berliner Tageblatt reported at the time:
“A woman bought a loaf of bread, paying with a bundle of banknotes. When she returned home, she discovered that the banknotes had been stolen – but the bread had been left behind.”
While money was losing meaning, gold was gaining it. A family that owned a single gold ring could buy an entire house with it. This is the reality: when paper loses value, gold becomes the only true currency.
4. Gold in the iPhone: A Pharaonic Metal in Your Pocket
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When Apple introduced the first iPhone in 2007, The Wall Street Journal wrote:
“Every iPhone carries within it more history than a pharaoh’s mask.”
It is true. Every iPhone contains 30–50 mg of gold. It is required for contacts and circuits that must function flawlessly.
For the Tokyo 2020 Olympic Games, Japan made the medals from recycled mobile phones. They collected millions of devices and extracted more than 30 kg of pure gold.
This means that today each of us carries a “gold mine” in our pocket.

Image: Modern smartphones like the iPhone contain 30–50 mg of gold used in electronic circuits for superior conductivity and reliability.
5. Central Banks: Locked Treasures
Today, central banks collectively hold more than 35,000 tons of gold. The United States holds the most (8,133 tons), followed by Germany, Italy, France, Russia, and China.
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In 1973, The New York Times wrote:
“In Fort Knox lies the gold that gives America power, though no one has seen it for decades.”
That gold does not circulate – it is locked away as collateral for the future. Just as the legionary trusted the aureus, today nations trust their gold vaults.
6. The Psychological Freedom of Gold: Silent Wealth
- Unlike real estate or bank deposits, gold generally does not need to be declared as taxable assets. It does not affect social benefits, kindergarten fees, or child allowances.
- A Slovenian anecdote from the 1990s: a family owned several gold coins. While their neighbors had to declare savings and consequently paid higher kindergarten contributions, this family lost nothing – the gold appeared on no official forms.
- Gold is therefore also a psychological symbol of freedom. Wealth the system does not see.

7. Ray Dalio and the Lesson of History
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Ray Dalio, one of the world’s largest hedge fund managers, once said:
“If you don’t own gold, you know neither history nor economics.”
His point is clear: all paper systems eventually collapse. Rome collapsed, Weimar collapsed, Yugoslavia collapsed. Gold survived them all.
Conclusion: The Golden Thread of Humanity
- From the aureus to the iPhone, from Alexander to Dalio – gold is always there. It is wages, it is power, it is a lifeboat, and it is the hidden strength within our devices.
- Gold is more than a metal. It is history, technology, and the future. And it will continue to accompany humanity for a long time to come.
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FAQ
A Roman gold coin, payment for legionaries, containing 8 grams of gold.
30–50 mg.
Around 35,000 tons, with the United States holding the largest share.
Because in most cases it does not need to be declared as taxable property.
“If you don’t own gold, you don’t understand history.”


