Gold and Benefits of Various Sectors

But did you know, in addition to investment, gold also has other benefits in the economic, social, religious and other sectors. Following the review.

1. Economic Sector

The economic field is a central field for gold. How come? Gold is one of the commodities that has a high sale value. The benefits of gold in this field can be seen from the use of gold as a substitute for money for transactions. The fact is that from centuries ago gold was used as a medium of exchange in transactions.

In addition, gold is also used as a country’s foreign exchange reserves because of its high sale value. This is also because gold is convertible, i.e. all countries can accept it as a legal international payment instrument. The form of gold that can be accepted as a payment instrument is gold bars.

Gold can also be traded in physical and non-physical forms. Non-physical forms of gold can be purchased in the form of shares on the trading market.

2. Social Sector Sector

Gold is synonymous with a symbol of wealth. No wonder so many people are proud to show off their gold as jewelry. The more gold they have, the higher their social status in society. For example in the community, at the time of social gathering, mothers competed to use the jewelry they had to benefit their social status. The person who wears the most jewelry is considered more among the others.

This also applies to gold owners who do not need their own gold. Those who store gold as an investment in the form of bars or coins will be considered as people who are and unconsciously have a higher position in social life in society.

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3. Religion Sector

Gold is considered sacred by some religions. This makes gold an item that symbolizes greatness. This can be seen from the many religious objects made of gold.

At Wat Pho Temple, Bangkok there is a golden Buddha statue called Reclining Buddha. In addition, in the Arakat Gallery, United States, many statues of Hindu Buddha relics are made of gold.

Not only Hinduism and Buddhism have religious objects made of gold, Islam and Christianity also use gold to decorate their places of worship. This can be seen from the building of the Sultan Omar Ali Saifuddin Mosque in Brunei which is gold-domed and the la Compañía Church in Rome, whose architecture is gold-plated.

4. Industrial Sector

Its soft and malleable nature as well as its glamorous and sparkling appearance make the industry glance at a lot of gold to be used as jewelry. The jewelry that was made also varied from necklaces, bracelets and rings. Other forms are also made as jewelry according to the order request.

In addition to jewelry, the industry has also applied gold to other forms such as displays, souvenirs and gadgets coated with gold. This of course adds value to the object. In the textile industry, silk fabric also uses gold for its manufacturing material. The use of gold in industrial goods certainly makes the selling price of these items go up and can increase sales profits.

5. Health Sector

Who would have thought it turns out that gold also has health benefits. Apart from being a jewelry to beautify themselves, gold can also be used to decorate themselves. In the world of modern medicine many beauty experts who make cosmetics with gold-based ingredients, such as gold cream, gold masks, gold scrubs and much more.

Gold is believed to have properties to produce collagen which will make skin tighter, shine and reduce wrinkles.

Not only that, gold is also used as material to make false front teeth. No wonder you have come across people whose front teeth are made of gold. The nature of gold that does not react to oxidation makes it not rusty and is safe for tooth replacement.

6. Electronic Sector

Other properties of gold are also used by humans in the electronics field. Gold is the best conductor of gold, this is needed for the manufacture of electronic components. However, because the price is expensive, then the substitution of gold can be replaced with copper or other metals that have the same properties. This is done to reduce the cost of production of electronic goods made.

Electronic items that use gold in its components are television, monitors, radios, computer processors, USB connectors and so on. In fact, the SIM card also contains gold in it, but the gold content of these items is not much, only about one thousandth of a gram.

In addition, other properties of gold that are corrosive resistant also make gold used as a coating of various electronic devices such as radio, television, computers and so on. The gold layer is also found on mobile phones as protective devices, the use of gold as this layer adds to the impression of luxury and glamor on an item.

7. Sports Sector

Who says gold has no benefits in the field of sports. Without us knowing gold also has benefits in the field of sports. Again, gold is represented as something of the highest value. This can be seen from the use of gold as the most prestigious award after silver and bronze. The first place winner of the sports competition is the one who gets an award in the form of gold and makes him symbolically superior to the others. Awards in gold can be seen in the form of medals and trophies.

Rich Gold Benefits

It turns out there are many benefits of gold in addition to investment that we need to know. Of course, gold investment is a good alternative for you in the future, especially precious metal gold. Smart to choose investment instruments will make you richer, gold is perfect for you and minimal investment risk. Besides knowing the benefits of gold from various sectors will also add to your horizons.