Gold Beyond Jewels: Exploring Its Widespread Industrial Applications

Gold Beyond Jewels: Exploring Its Widespread Industrial Applications

Why Gold is More Than Just a Store of Value

Gold has attracted investors for thousands of years, especially as investing continues to become more mainstream. Precious metals and other assets are more accessible than they have ever been, and with inflation continuing to hurt fiat currencies, many investors are putting their cash into gold.

Unleashing Gold’s Hidden Potential

However, gold isn’t just a store of value that is meant to be collected. There is more to this precious metal than jewelry and storing enough of it to withstand inflation. You can find gold in everyday products and services, and some industries rely on the precious metal to provide high-quality customer experiences.

From Electronics to Healthcare, Gold is Everywhere

While most gold investors focus on gold bars and jewelry, this guide will unveil some of gold’s more practical uses in society.

Electronics

Smartphones, computers and tablets are some of the electronics that contain gold. The precious metal is a key component in semiconductors that power up these devices and act as memory storage.

However, there isn’t enough gold in any of these devices to justify searching for it. A desktop computer, for example, only contains 0.007 ounces of gold — not enough to get a strong return on investment from your computer by finding the gold components within. But given large-scale production, computers do contain enough to boost gold’s demand.

Dentistry

Gold is a common resource for dental fillings and crowns, and it isn’t just because people like the way it looks. The precious metal is more durable than many other options. It is also a soft mineral, which makes it both pliable and easier on gums and oral tissues.

Healthcare

Like other industries, healthcare has evolved over the years. A wide range of medical devices, such as pacemakers, blood pressure monitors and defibrillators, help practitioners diagnose patients, track their progress and determine the next steps. Gold is a staple in each of those devices.

Aerospace

Gold is a vital component in every aircraft. The precious metal is in rocket engines, electrical connectors and other parts of the plane. Gold also acts as an insulator, helping to maintain ideal temperatures within the airplane as it ascends into colder layers of the atmosphere.

How is Gold Primarily Used?

Gold is mostly used in luxury products and as a unit of value. More than 90% of gold is used in jewelry, stored in central banks or held by investors. The remaining gold supply is allocated across various industries, like those previously discussed.

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