Gold is one of the most desired and useful metals in the world. Uses of Gold is not only limited to jewelry but also to conduct electricity. These qualities make gold qualify for industrial, medical and technological use.
Gold was one of the most important metal in history. Almost every culture or kingdom in this world had used gold to symbolize power, beauty, purity and accomplishment.
Gold still hold an important place in our culture and society. we use gold to make jewelry, electronic items, medicines. We use gold even in aerospace industry.
1. My precious:
Gold has been using to make ornament and fine jewelry for thousands of years. According to Statistica In 2020 36.83% of the gold is used in jewelry industries.
One reason the lustrous metal is such a popular jewelry choice is because of its malleable properties. It can be shaped into wire, hammered into sheet and cast into any shapes. Pure gold, which is very soft, is known as 24 karat gold. It has to be forged with other metals such as copper, silver and platinum to increase its durability.
2. Medium of exchange:
Gold doesn’t just signify jewelry value. It has been using as a medium of exchange or money. The first known uses of gold in transactions dated back to more than 6000 years. Gold coin was first minted by King Croesus of Lydia (current name Turkey) in 560 BC. The rarity, usefulness and desirability of gold make it a substance of high value. It is durable, portable and easily divisible. Today, many governments, individuals and institutions hold investments of gold in the convenient form of bullion.
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3. Uses in Electronic industry:
Did you know your iPhone also contain some amount of Gold. Mobile phones contain about 0.034g of gold, worth around 135.86 rupee in today’s prices. The most important industrial use of gold is in the manufacturing of electronic equipment. Gold is a highly efficient conductor which can carry current and remain corrosion-free. It is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips. What is more, aside from your trusty iPhone, you’ll find gold in calculators and more large electronic appliances. Even your standard desktop or laptop and your TV also contains some amount of gold.
4. Dental Use:
The use of gold in dental industry dates back to as early as 700 BC. when Etruscan used gold wire to fasten replacement teeth of their patients. Gold is used in dentistry because of its aesthetic appeal. After all, a rusty iron smile might not look too hot. Gold alloys are also used for fillings, crowns, bridges and orthodontic appliances because the precious metal is non-allergenic and easy to work with.
5. Future Metal:
Gold truly is a metal of the future. we know about its uses in aerospace. We spend billions of dollar on a space vehicle. The possibility of lubrication, maintenance and repair is absolutely zero, so building it with extremely dependable materials is paramount. That is the reason, NASA uses gold in hundreds of ways in every space vehicle it launches.
We can clearly see that importance of Gold is increasing day by day. So try to invest in gold as much as possible.
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