Gold Uses
by Sienna Nalin
With collecting gold I'm pretty sure it runs through your guys' minds as to what are the most common uses of gold. You of course want to know this because with gold becoming scarce, you want to know where you could get gold from. Well here are a few things that gold is used for: in electronics, industrial uses, dentistry uses and much more. Here are the main ones that you would be most concerned with:
Gold in Jewelry: Until recently, jewelry constituted nearly all the demand for gold and stood far and away as the most common use of gold. The last several years have seen a rapid rise in the demand of gold as an investment however and today jewelry represents 'only' 45% of total yearly demand. The properties of gold - namely being malleable, ductile, noble, rare, and yes shiny - all help contribute to making gold a preferred metal in the creation and use of jewelry.
The second use of gold is in investments. Man y people are starting to invest in gold now because they see the way that the economy is going. With the bad economy that we are in, people are recognizing that gold is where the money is at since it will always have a value. Gold is also something that can be sold at a much higher price later in life because of the demand for it.
Gold in Banking: Related to the point above, central banks have once again become net buyers of gold and are starting to fill up their coffers with gold bullion (now a tier I asset with the Basel III bank regulations) to serve as reserves with the US Dollar starting to lose its credibility. In Turkey, commercial banks can hold gold to meet their "required reserves" and as a result are in the process of acquiring gold from citizens who are estimated to hoard gold worth anywhere from $100-$300 billion. Through a majority of recorded history, especially since around 560 BC and the minting of the first gold coins, the yellow metal has been a preferred form of money across most civilizations. The last century has seen a shift to paper fiat money and away from gold, but recent global financial woes has once again increased the appetite for the precious metal to serve a monetary function.
...More at <a href="http://goldresource.net/modern-uses-of-gold">Modern Uses of Gold</a>
Provided this information, if I were you I would start investing in gold quick since these other industries are big users of gold and will be around always.
Curious about <a href="http://moneypowerusa.com/">gold uses</a> and where gold is going? Well we have some answers for you so that you know who your are competing with when investing in gold.
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New Unique Article!
Title: Gold Uses
Author: Sienna Nalin
Email: christian@jaxonglobal.com
Keywords: gold uses, uses of gold, provident metals, gold, investment,precious metal, finance
Word Count: 431
Category: Hobbies
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