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5 Ways Gold Can Be Used

Bars of Gold

Of all the minerals mined from the Earth, gold is one of the most desired and functional metals popular in today’s time. Gold symbolizes beauty, power, accomplishment, and purity in almost every culture.

Its unique properties make it the metal of choice various in industries, including industrial, medical, and technology industries, to name a few.

Here are the five most common uses of gold today:

1. Used To Make Jewelry

For thousands of years, gold has been used to make jewelry across the world. About 78% of the gold mined is used to make ornaments.

Its unmatched glossy shine and malleability (the ability to be hammered into any form) is what make gold such a popular choice. Pure gold, known as 24 karat gold, is too soft. Therefore, it is forged with other metals to increase its durability.

2. Used to Make Awards and Medals

From Academy Awards to Olympics, gold is used to make the most prestigious awards and medals in the world. This is also one of the reasons why it is considered a symbol of high status.

3. Used As An Investment

Apart from being used to make beautiful jewelry pieces, gold is also used as natural currency. Gold has been used as a medium of exchange for more than 6000 years. The extraordinariness, desirability, and functionality of gold make it a substance of high worth. Today, numerous administrations, people, and organizations hold investments in the form of gold coins and bullion.

4. Used in Dentistry and Medicine

Imagine getting iron dental fillings! Although expensive, gold is also used in dental treatments to create crown bridges and fillings because it’s chemically inert, has superior performance and appeal, and is non-allergic.

Gold was commonly used in dentistry until the late 1970s, when a sharp rise in gold prices brought about the use of substitute materials. In the medical field, radioactive gold is used in the diagnosis and treatment of different diseases. It is also used in life-support devices.

5. Use in Computers and Electronics

Being a non-corrosive conductor of electricity, gold is used in various electronic components.  From adapters to television sets, a small amount of gold is used in almost every sophisticated electronic device.

To more about how to invest in gold to make money, you can reach out to Orion Metal Exchange. With over 50 years of experience, we help you receive financial market updates to invest in gold products.

We will assist you in investing in precious metal companies as your retirement plan. You choose the product, and we will streamline the acquiring process for you.

Contact us to know about investing in precious metals.

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