Gold is a precious metal and malleable in nature. Historically, it has been a very valuable metal due to its precious nature and used as a medium of exchange or as currency.
Gold is popularly used in the making of jewellery. What more, gold is also very useful in industrial application. As it is a good conductor, very malleable and highly ductile, it is used in electronics, typically as wiring.
Most electronic devices which we use contain elements of gold in their components including mobile phones, televisions, GPS systems, calculators, and computers.
Other notable uses include glassmaking, medical treatments and dentistry. It’s important for you to know that gold is viewed as a safe-haven investment in the face of slowing global economies and recession.
Other precious metals notably silver, platinum and palladium provide alternatives to gold, given the high price of gold. These other metals are able to provide some of the physical properties of gold at a lower price.