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Gold even back then was still valuable even though it can be obtained easily in the
late 10th century – 13th century. At present, gold is one of the most expensive metals in
the global market. Experts estimated that the value of the artifacts is approximately “23
Million Pesos”. According to the historians, Philippines is very rich in terms of gold way
back then. They noted that even before the Pre – Colonial period, in order to obtain gold,
you can just walk by the river to see one as large as an egg or even larger. In addition to
how rich Philippines was in terms of gold, the place that the artifacts were discovered was
said to be a trading place between our ancestors and other foreign individuals. This can
also be a factor on why there was that much of crafted gold present in that area. According
also to the Spanish colonial accounts, our ancestors were quite sophisticated with gold
working techniques that even children can reckon the purity of gold even just by looking.
Though the use of gold was not just limited in trading. Many of the Philippine ancestors
also crafts some of the gold as jewelry to display power, knowledge, and uses it for their
own beliefs and traditions.