The Top Uses For Gold In The 21st Century

Gold has been used for thousands of years, but at one time it had only a decorative use, not so in the 21st century as there are many uses for this precious yellow metal. If you thought the only thing you can use gold for was jewellery and making gold bars, you could not be further from the truth. Below you will find some of the most common uses for gold today, and some of them may even surprise you.

Gold Jewellery

The primary use for gold is in the jewellery industry, and roughly 78% of the gold that is bought each year is in the form of jewellery. Gold has been used for jewellery for thousands of years, and there is no sign that this is going to change any time soon. However, there are other uses for this precious metal, and you most likely have more gold in your possession than you realise.

Gold As An Investment

Gold is also a popular vehicle for investors, and the gold bullion bars that you think of are one of the ways people use gold. Many websites such as https://citygoldbullion.com.au/ make it simple to sell and buy gold for investing, making it something that anyone can do, if they have the funds available. 

Gold As Currency

Gold has been used for coins for thousands of years also, and although it is not as common anymore, you can still purchase gold coins as an investment. New gold coins are minted, but you can also collect old coins which are hundreds of years old, and these are extremely popular with collectors. 

Gold In Dentistry

Gold is a popular choice when it comes to dentistry as the metal is inert and non-allergenic, as well as being easily malleable. Gold can be used for crowns, bridges, fillings, and orthodontic appliances, and many people are attracted to opt for this because of the aesthetic qualities of this precious metal.

Gold In Electronics

Gold is something that is also used extensively in electronics, and there will probably be many items in your home that have gold, and you were not aware of it. You can find gold in items such as:

• Connectors
• Switches 
• Relays
• Circuit Boards

As such, you will find that televisions, telephones, GPS systems, computers, tablets, and a variety of other electronic devices will all have some gold inside. However, do not think you are rich as the amounts of gold they use in the electronic devices is often exceedingly small, with solid gold not being used, rather gold-plated items and gold alloys being the preferred options.

Gold In Medicine

Gold is also something that is used in medicine, and it can be used in a myriad of different ways. It can be radiated and used as a source of treatment with certain cancers and can also be used to help diagnose some conditions. 

There are also other uses for gold which include in the aerospace industry and for use in the satellites and space vehicles. For more information about the properties of gold, as well as additional common ways we use it, a quick Google search should lead you to related articles, and there are a lot of them you can find online.

Image source: Pixabay

Featured image source: Pixabay