Better use of Gold then "Store Of Value"
Gold Top 5 Usage:
1.)Objects:Wedding rings, Olympic medals, Oscars, Grammys, money, crucifixes, ecclesiastical art, dentistry, medical surgical instrument and lubricant between mechanical parts in aerospace.
2.)Jewelry: Special properties like very high luster, desirable yellow color, tarnish resistance, ability to be drawn into wires, hammered into sheets and cast into shapes make it perfect for manufacturing jewelry. 51% of gold gets used in jwellery and people have option to go with diamond which can be more lucrative in term of appreciation and portability.
3.)Electronics:Gold parts are used in cell phones and many other electronics.Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points. Gold is the highly efficient conductor that can carry these tiny currents and remain free of corrosion. Electronic components made with gold are highly reliable. Gold is used in connectors, switch and relay contacts, soldered joints, connecting wires and connection strips.
4.)Glassmaking:Gold is also used when making specialty glass for climate-controlled buildings and cases. A small amount of gold dispersed within the glass or coated onto the glass surface will reflect solar radiation outward, helping the buildings stay cool in the summer, and reflect internal heat inward, helping them stay warm in winter.
5.)Financial Gold: Fine gold metal is usually cast into small bars for easy handling, exchange, and storage. 50% of gold production in wold are being done just by 5 countries. China(14%), Australia(9.5%), Russia(8 %),United States(7.8%),Canada(5.7%) and Peru(4.9%).
Lets use gold for right purpose and instead opt for digital currency as Store Of Value!!!
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