During the times of political uncertainties that could lead to the total collapse of the specific currencies in different parts of the world, investors have always considered Gold as a safe haven for investments. Smart investors have a tendency to quickly change tune and started to invest their monies in buying and keeping a lot of Gold.
Gold stocks generally rise and fall in relation to the price of Gold at a given time, however , there are certain mining companies who , due to the efficient management schemes are able to run profitable , and consequently pay dividends to the investors. It appears to be a trend that owners of gold stocks tend to obtain a much higher return on investment than owners of physical gold when the price of Gold increases.
Some of the different ways of owning Gold today include, but are not limited to inter-alia; Gold Mutual Funds, Gold Companies, Gold Coins, Gold Futures, Gold ETFs, Gold Jewelry, Gold Bullion, and the like.
It has been used by smart investors as a hedge against a falling US Dollar. This is so because globally Gold is usually prized in US Dollars. This is so mainly because investors who want to buy Gold have to sell their US Dollars which lowers the value of a US Dollar more as global investors seek to diversify out of the Dollar. The result is that Gold becomes more attractive to other investors who hold currencies that have appreciated in relation to a US Dollar.
Other uses of Gold;
There are numerous other uses of Gold to such an extent that Gold has been labelled as ‘the most useful metal’ that compares to none in the entire world.
Use in jewelry: This is probably the most well known use of Gold to the public. Tradition that has been carried over from stone age has dictated to every new generation that for jewelry to be of great value it must be made in Gold.
Use in Medical Field: Radioactive Gold is used to diagnose certain conditions. Many surgical instruments , electronic equipment, and life-support equipment are manufactured making use of Gold mainly because of its non-reactive properties in medical instruments. There are some medical conditions that are treated directly by injecting a patient with Gold particles.
Use in dentistry: For fillings, crowns, bridges, and orthodontic appliances.
Use in electronics: Gold is used excessively to manufacture electronic devices like connectors, switch and relay contacts, connecting wires, and many more.
Use in glassmaking: Gold is also used when certain specialty glasses are manufactured.
The list of the uses of Gold is very long to such an extent that other uses exceed the content of this article save to state that Gold is a very useful metal.