Things You Should Know About Gold

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Ask many people about gold, and they will quickly point to you their various shiny yellowish items. Although gold is yellowish in color, there are many other things to it; for instance, you can buy, sell and invest in gold.
Okay, to break it down, let me start by saying, gold is a yellow precious metal, used in jewelry, various ornamental decorations and to guarantee the value of currencies.
Gold is considered (one of) the most precious metals in all the world. But there’s much more to it than being earrings, necklaces, wedding bands and ornamental decorations. Gold is termed the ‘coinage metal’ based on its use to produce money.

According to ScottDale Bullion & Coin, There are 6 most common uses for gold in the world today; and they are:

See: Successful Ways to Invest Your Money by World’s Top Investors

Gold Bracelet Links

Jewelry:

About 78% of gold consumed each year is made into jewelry. Jewelry is the most common way gold reaches consumers, and has been a primary use for the metal in various cultures. Because of its beautiful and durable properties, gold jewelry is an adornment that is cherished and revered.

 

Gold HDMI to DVI-D Connector

Electronics and Computers:

Gold is a highly efficient conductor that is able to carry tiny electrical charges, and because of this property a small amount is found in almost all electronic devices, including cell phones, televisions, GPS units and more. Because gold is such an efficient conductor of electrical charges, it is also often found in desktop and laptop computers to transfer information quickly.

Gold Tooth and Silver

Dentistry and Medicine:

Gold makes for the best fillings, crowns, bridges and orthodontic appliances because the metal is chemically inert, easy to insert and nonallergenic. Gold has been used in dentistry since 700 B.C. and will probably continue to be the best option for replacing broken or missing teeth. In the medical field, small amounts of gold isotopes are used in certain radiation treatments and diagnosis.

See: The Benefits of Investing

 

Gold space products nasa

Aerospace:

In the aerospace industry where reliable and effective technologies are key to survival, gold plays an essential role. Gold is used to lubricate mechanical parts, conduct electricity and coat the insides of space vehicles to protect people inside from infrared radiation and heat.

olympic gold medal beijing

Medals and Awards:

As a highly esteemed precious metal, gold makes a natural appearance in crowns, awards and religious statues. Because of its unparalleled beautiful qualities and rarity, gold is one of the highest status symbols. In everything from Academy Awards to Olympic medals, gold is recognized for its admirable qualities and it holds a permanent place of value in humanity’s eyes.

See: How to Invest at Every Age

Finances and Investing:

Because gold is so rare and highly valued, this precious metal makes a natural currency, and has for at least 6,000 years. The U.S. used to hold all its monetary currency to a gold standard, and since the turn of the millennium, gold value has been on the rise in the stock market. In an uncertain economy, gold has emerged as a possible financial staple. One of the most common ways to hold or invest in gold is in gold coins, gold bars, also gold bullion.

 

(Expect my subsequent publication, where I’ll point out in detail how the gold market works and how to invest in gold).

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Betty Chigozirim
Betty Chigozirim is a passionate Writer, Editor, Speaker, Poet, Blogger and a bunch of many creative abilities. A trained Information Professional @Abia State University, a Public Speaker/Corporate Presenter and also a Certified Project Management Professional. She is a calculated risk taker with deep tech knowledge on investment, inspiration and lifestyle, with many online and offline publications to her credit. She is a Writer and Editor for Investment Watch; and most of her publications are geared towards inspiring people towards the right investment, Investment Opportunities, Personal Finance, Economy and Investment News. When she's not speaking, writing or exploring any of her creative abilities, you sure can find her reading, conversing with family and friends or finding a solution to a problem for the 13th Billionth time! You can follow/contact Betty by clicking any of the below: