Let’s face it, we all love gold, which comes in a variety of forms and this unique yellow metal has strange properties that make it suitable for some technologies. Of course, gold has long been minted to produce coins, yet there are other uses, which we outline in this short article.
Perhaps the most obvious use for pure gold is to be a wealth commodity. There was once a time when a country could only print as much money as they had in gold reserves, yet this was changed a few decades ago. Gold bullion comes in bar, ingot and coin form, and many investors prefer to store their wealth in gold, rather than any other commodity, as it has a good track record.
Form Of Guarantee
Gold bullion can be used to secure a loan. This is how nations lend and borrow money: using gold bullion as security for large loans from organisations such as IMF and central banks. Of course, the ordinary people never get to see these huge amounts of gold bullion, which are stored in very secure underground vaults.
Gold is unique as it is chemically inert, which makes it perfect for fillings and dental bridges. Gold teeth are not so common today, but in previous times, many people stored their wealth in a place that is very secure, namely in their mouth.
The Aerospace Industry
Gold is widely used in the aerospace industry; it is sometimes used to lubricate parts, while it is also a very good conductor of electricity. Gold is also used to coat the interior of spacecraft to protect the astronauts from radiation, which is one of the major dangers of space travel.
Medals & Awards
Of course, we all know that Olympic medals are forged in gold, while the Jules Rimet World Cup is a fine example of a gold trophy. Most trophies are made of gold, due to its high value, with a varying degree of purity, as pure gold is too malleable for some awards.
Gold is a very good conductor of electricity and is used in computers, as data can be transmitted at high speeds. Cellphones, TVs and tablets also contain small amounts of gold, which can be recycled when a device has expired.
Gold is a primary precious metal used in the making of jewellery and most is either 9k or 18k purity, as pure gold (24k) is too soft to be practical. Gold jewellery would be hallmarked to verify the purity and it might also have the maker’s mark. If you have old jewellery that you no longer wear, you can sell it as scrap gold to a bullion dealer.
If you are thinking about adding gold bullion to your investment portfolio, search online for a gold bullion dealer and check out the spot price of gold bullion. Not just bullion, other forms or gold products are also valuable. You can easily find out the gold bar price Australia or your country’s dealers are offering through their websites.
When you are ready to make a purchase, the gold will be delivered to your door by special courier. The security and convenience of this delivery system is unrivalled, and you can be sure that your gold will arrive safely and discreetly. You can also be confident that you are getting the best possible price for your gold, as prices are updated regularly to ensure that you are getting the most current market value. When you are making a significant investment, you need to have complete confidence in the process. That is why reputable gold dealers go above and beyond to deliver the highest level of service and convenience.