Gold is a precious metal that has been highly valued for over 5,000 years. Its rarity, durability, conductivity, malleability, biocompatibility, and aesthetic appeal have made it an ideal material for a wide range of applications. From jewellery to industrial uses, gold has proven to be versatile and valuable.
One of the most significant properties of gold is its rarity. Its concentration in the Earth's crust is estimated to be about 0.004 parts per million, making it relatively scarce. In fact, if all the gold ever mined were divided equally amongst the world's population, each person would have only about 25 grams or around One Troy Ounce per adult.
Gold is also highly durable and does not corrode or tarnish, making it resistant to wear and tear. Its malleability makes it easy to shape and form into various shapes and sizes, while its conductivity and density make it useful in industrial and technological applications.
The biocompatibility of gold has also made it ideal for medical implants and devices, as it does not react with the human body. Its aesthetic appeal has made it a symbol of wealth and status throughout history, with gold jewellery lasting for generations and resistant to tarnish and wear.
Gold has many uses in industry and other applications, including jewellery, industrial uses, medical implants, coins and currency, decorative items, religious and ceremonial items, electronics, and artistic applications. Approximately 11% of gold produced every year is used in industrial applications, with 50% used in jewellery, and central banks holding close to 20%. Private investors own the remaining gold.
In conclusion, gold has maintained its value and appeal for over 5000 years because of its unique physical and chemical properties. Its rarity, durability, conductivity, malleability, biocompatibility, and aesthetic appeal make it an ideal material for a wide range of applications, from jewellery to industrial uses. With its many uses, gold is a valuable asset and a sound investment for the future.
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