Gold is not only a beautiful and expensive metal that is used for jewelry. First of all, gold is in great demand for industrial purposes. In general, there are 4 main directions of gold consumption in the world:
In our article, we want to talk about the last one.
World industrial consumption of gold reaches hundreds of tons per year – this is one tenth of the total demand for gold in the world. And if you count all the gold used in equipment, household appliances, and other human activity products, then the number will be more than 18 thousand tons!
In what industries is this precious metal used?
The possibilities of using this precious metal in the chemical industry, for example, as a catalyst in the fuel system of road transport, are also being actively considered. There are also innovative ideas on how to use it to control environmental pollution.
Of course, the biggest industrial need for gold is in countries with a developed electronic industry, rocket and aerospace industries. If earlier the leaders in this area were Germany, Japan and the United States, now the demand for gold is gradually growing in other Asian countries, primarily among leaders of the electronics market – China, Korea. But the largest demand in the cosmetic, dental and pharmaceutical industries, surprisingly, is in India.
The answer to this question is simple. Of course it’s worth it. It doesn’t matter how you use of your gold asset in the future – whether you store it in a bank, sell it to industrial companies or turn it into beautiful jewelry, gold will remain one of the most reliable assets. If you are just a beginner in investing in gold, Golden Way can be your effective start. We extract gold, cast it into bars and control the quality of the metal ourselves. With us, you can get your own gold reserve and later invest it in any area you like.