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Message: Uses of Gold

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MistyRiver

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Uses of Gold

posted on Feb 02, 08 02:59PM

Hi All!

I keep hearing this massive generalization which accounts for some fund managers attitude towards gold (on BNN): "Gold isn't used for anything, and all of the gold that has been mined is still available."

I set out to find out to find out how valid this generalization is, given that the plugs on my stereo are gold, I've seen microlayers of it sprayed on windows as a sunscreen, and I knew it was used in a lot of electrical components. 200 tonnes/year is not an ideal amount, but it certainly isn't NOTHING. It seems to me that a lot of the applications of gold are sunrise industries and demand may increase, as well.

Though you might enjoy these articles.

http://www.gold.org/discover/sci_indu/indust_app/electronic_apps.html

http://www.nma.org/about_us/publications/pub_gold_uses.asp

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