Gold has been around for thousands and thousands of years and it has many applications in our life. Here are the 4 common uses of gold.

1. Jewellery

This is the most common use of gold. About 78% of the gold consumed each year is used in the manufacture of jewellery.

Gold jewellery is quite common across all cultures over the world because it represents wealth, prosperity and success.

2. Investing

Other common uses of gold are investing and finance. It has been used as a hedge for inflation and a store of value for thousands of years. Even the Central Banks around the world buy Gold to protect themselves against inflation and crises.

3. Electronics and Computers

The use of gold can also be found in electronics and computer equipment. The reason being, gold is of the top metals when it comes to being a good conductor of electricity.

It is able to carry electrical charges easily and because of this property. Therefore, gold is found in small portions in many electrical devices like mobile phones, television sets, GPS devices. Also, it is sometimes found in computers and laptops for transferring data quickly (Your Story)

4. Medical

Gold can be used in drugs to treat some medical conditions like rheumatoid arthritis, cancer, lagophthalmos,…

Also, many surgical instruments, electronic equipment and life-support devices are made using small amounts of gold (Geology)

If you are looking to buy Gold, check out our gold purchasing platform First Gold, which allows you to buy gold using the Dollar-cost averaging strategy.


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