Since you are investing in gold or thinking about investing in gold, why not know the uses for it. By knowing these uses it also gives you insight as too where most of the gold is going and who is buying it. Gold is used in many things from electronics to dental crowns to jewelry. Pretty insane right?! Well here is a list of a few others that gold is mostly used for:
Jewelry is the number one use of gold all over the world. Jewelers love gold because of its make-up and composition. Gold is such a versatile metal for making jewelry. With such demand and the price of gold, this is another reason that people flock to it.
The second biggest used for gold is in investments. Many people love gold for investing in because of the price. The price of gold is remarkable and people are acknowledging that and how much they can make off of gold in this economy by investing in it. Gold is something that has a constant value that will never decrease to absolutely nothing in value at all.
Gold can be found in many banks vaults. They carry gold because banks also recognize that the economy is not doing well. With the economy not doing well, that also means that paper money is not either. In order to meet their required reserves, gold is minted and used just for that purpose. Some banks even sell gold to those that are interested in buying it.
...More at Modern Uses of Gold
Provided this information, if I were you I would start investing in gold quick since these other industries are big users of gold and will be around always.
Jewelry is the number one use of gold all over the world. Jewelers love gold because of its make-up and composition. Gold is such a versatile metal for making jewelry. With such demand and the price of gold, this is another reason that people flock to it.
The second biggest used for gold is in investments. Many people love gold for investing in because of the price. The price of gold is remarkable and people are acknowledging that and how much they can make off of gold in this economy by investing in it. Gold is something that has a constant value that will never decrease to absolutely nothing in value at all.
Gold can be found in many banks vaults. They carry gold because banks also recognize that the economy is not doing well. With the economy not doing well, that also means that paper money is not either. In order to meet their required reserves, gold is minted and used just for that purpose. Some banks even sell gold to those that are interested in buying it.
...More at Modern Uses of Gold
Provided this information, if I were you I would start investing in gold quick since these other industries are big users of gold and will be around always.
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Curious about gold uses and where gold is going? Come on over, we have some answers for you so that you know who your are competing with when buying gold.
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