Gold is the most often used precious metal for financial purposes. Purchasing gold is typically done by investors to diversify their risk, particularly when using derivatives and futures contracts.
In several countries, gold has shown to be the most effective safe haven when it comes to precious metal investments, as opposed to other options.
Throughout the history of our planet, almost every established culture has used gold to symbolize power, beauty, purity, and accomplishment. Today we continue to use gold for our most significant objects: wedding rings, Olympic medals, Oscars, Grammys, money, crucifixes and ecclesiastical art. No other substance of the same rarity holds a more visible and prominent place in our society.
The most important industrial use of gold is in the manufacture of electronics. Solid state electronic devices use very low voltages and currents which are easily interrupted by corrosion or tarnish at the contact points.
Gold is also used as a drug to treat a small number of medical conditions.
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