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Uses for Gold You Will Be Surprised to Know

Uses for Gold You Will Be Surprised to Know!

Gold is all around us with jewelry and precious valuables but the majority of gold is not to be found on our fingers or dangling around our necks but in the vaults of repository bullion institutions such as Fort Knox in Kentucky and even more in the Federal Reserve Bank of New York.  Gold is, or has been used for much more interesting purposes than simply making jewelry or the basis for a plot in a James Bond 007 movie such as Goldfinger!

At the turn of the 20th Century, sufferers from arthritis took to taking injections of solutions made from gold salts – extremely expensive but also very effective in reducing the pain which this condition causes.  It is still used today by modern medicine but only as a last resort as other medications have been developed to mitigate pain and suffering but without the side effects which gold creates as it accumulates in the body and damages the liver and kidneys.

Recently, gold nanorods – the small, microscopic particles of science fiction – have been developed and tested in cancer treatment.  The nanorods are injected into the body and they automatically congregate around cancerous tumors instead of spreading evenly throughout the body.  When infra-red light is shone on the area of the body, this light reacts with the gold to destroy the cancer; this sounds all very high tech but so what – chemotherapy and other drugs do the same job you may say.  Yes they do, but gold nanorods ONLY affect the area of the body where the tumor is at and not all of the body like chemotherapy which doesn’t just destroy cancer but all the healthy cells and especially the immune system too.

The next time you turn on your computer or gaming platform, just think about how gold which is 99.99% pure and drawn into a wire a few microns in diameter (very, very thin) is being used to connect the circuit board and allow the electronic impulses to take place which means you get email, internet movies and the chance to zap the bad guys in Halo or whatever you happen to be playing.  Without gold, we’d all be huddling around the radio to get our entertainment because television would not work without it either!

So necessary is gold in the production of virtually every electronic device from an iPod to HD TV, iPhone to your car’s ignition system that industry is the biggest consumer of gold and not the jewelry sector.  Industries use around 150 tonnes of gold every year and guess what?  The United States is only the second largest consumer of gold (30% of world production) – the Japanese use more than any other country in the world (at 40% of world production).

Perhaps that is not so much of a surprise!
The simple plain fact is that gold is used in virtually every aspect of our lives and our world would not function without it, which accounts for one reason why it is worth around $960 an ounce and is one of the most precious metals in the world.

Help the environment and sell your scrap gold today!

Tags: Gold, How Gold Is Used, Precious Metals, Scrap Gold, Uses For Gold