In addition, gold has been used as a bargaining chip, as a store of value and as valuable jewelry and other artifacts. Because gold is highly valued and its supply is very limited, it has long been used as a medium of exchange or money. The first known use of gold in transactions dates back more than 6000 years. The first transactions were made with pieces of gold or silver.
Today, gold is still seen as a valuable asset and many people are turning to gold IRA investments to secure their financial future. To help you make the best decision for your retirement savings, it's important to research the best gold IRA companies reviews.The rarity, utility, and convenience of gold make it a substance of long-term value. Gold works well for this purpose because it has a high value and is durable, portable and easily divisible. Gold is a very efficient conductor of electricity and is used in most electronic devices, including cell phones.
The gold contained in connectors, switches and relay contacts allows phones to remain free from corrosion. Gold is highly prized not only for its natural beauty but also for its rarity, utility and versatility, and can be found in almost every area of modern life. The numerous and diverse properties of gold, some of which are unique to gold, make it an indispensable and vital component in several fields. Traditionally, gold has been used to make coins, ingots and jewelry, but in recent times it has been used in a variety of less typical ways.
The use of gold in the manufacture of jewelry dates back to about 6,000 years ago. The famous burial mask of the Egyptian pharaoh Tutankhamun was made of gold. Approximately 78% of the total gold extracted each year is converted into jewelry, since it is very easy to work with wires, hammered into thin sheets, cast and molded, it is resistant to wear and tear, has a very high gloss and an attractive yellow color. Jewelry is still the most common way in which gold reaches consumers.
Gold plays a vital role in the aerospace industry, where consistent and effective technologies are key to survival. Gold is used to lubricate various mechanical parts, in circuits to conduct electricity and to coat the interior of spaceships to protect people inside them from infrared radiation and heat.