What was liquid gold used for in 16th century?

In the 16th century, "liquid gold" typically referred to the valuable substance of gold in its molten form, which was used primarily for crafting jewelry, coins, and decorative items. It symbolized wealth and power, often employed in the creation of ornate religious artifacts and royal regalia. Additionally, the term could also metaphorically describe valuable oils like olive oil, which were used for cooking, lighting, and medicinal purposes.