The Uses of Gold – Some Good and Some Bad, Very Bad
Gold is a very popular item around the world, and has a variety of different purposes. There are so many uses for gold that it might take a book to explain each one in detail. Gold is most commonly thought to be used for jewelry and collecting, but in actuality, a large amount of the gold in the world is of course, used for investing in.
Jewelry, collections, and other gold creations are all secondary to the uses of gold in trade and commerce, including investments. There are five markets for gold in the world, including Hong Kong, Sydney, Zurich, New York, and London. It is traded publicly in these markets on local stock exchanges every day.
The price of gold largely influences who buys, who sells, and what the uses of gold are for that particular time. While it was a form of payment in years past, it is now used for investing and collecting because of our paper money system that was invented many years ago. Gold is a very popular item in the international world of investing and e-commerce, because it is worth so much and has been able to remain a steady investment among centuries of turmoil in the world.
If you’re not interested in investing in gold, it can be used to make many things, as well. Rings, watches, necklaces, earrings, bracelets, and many other types of decorative and symbolic jewelry are made of gold, because it is a beautiful metal when it is machined into jewelry to adorn the body. There are also industrial uses of gold in electronics, medicine, dental work, aerospace applications and yes, there’s even some gold in the computer you’re using to read this very article. That’s because no other metal in the world serves as a better conductor of electricity than does gold.
Gold can be used for many things, including one quite lethal that originated in ancient Egypt, where liquid gold and solid gold were common items in the royal lives of the various rules of the pharaohs. Gold, like most heavy metals, is poisonous when it is ingested. Therefore, anyone who ingests gold will become very ill and can risk death. This poisoning is somewhat untraceable, as well, unless you test specifically for it. However, it’s quite an expensive poison, so the chances of it being used today are slim.
There are a multitude of uses for gold as there have been for centuries, and as the world changes, so will the place of gold within our world, creating new and different application for it with many changing needs as society continues to evolve. Gold will always be a great investment because of its many varied uses.