It is no secret that gold has been trading for low prices over the last few years. But as we enter a new year, let’s remember that gold is finding its way into a growing number of new applications. As a result, we believe that demand for the metal is sure to increase, followed by rising trading prices. The message to wise investors is to adopt a long view, acquire undervalued gold now, store it in a smart investment vehicle like a Specialty Metals Gold Pool Account, and position yourself to profit when prices rebound.
Let’s review some of the new ways that gold is being used today, which point to a very positive market for your gold investments in the future.
- Architectural uses – Even a small amount of gold can be added to glass to produce beautifully reflective glass panels that are finding favor in some very large new buildings. The result? The interiors of buildings can be kept cooler at a lower energy cost.
- Aerospace uses – As we enter the age of civilian space travel, the demand for gold is sure to increase. Thin layers of gold are being applied to the surfaces of space shuttle windows and to the transparent see-through visors on the helmets of astronaut’s space suits. Of course, gold is part of the circuit boards that are widely used in aerospace applications. But gold is finding one surprising new use in aerospace too, as a lubricant; thin layers of the metal are placed between other metals that come into contact in vacuum settings outside of spacecraft. Petroleum-based lubricants quickly disperse into the vacuum of outer space, while gold stays put and reduces friction and wear between moving parts.
- Medical applications – Gold is finding increasing use in advanced medical tests and treatments. In one application for testing, a gold isotope is introduced into the bloodstream and is then imaged as it passes through tissues. In a cancer treatment, small amounts of gold are implanted in cancerous tissues, where they target and kill cancer cells. And gold is even finding its way into a widening array of medicines, including some new treatments for rheumatoid arthritis.
A New Golden Age Could Be Coming
It’s amazing that gold, which has been the most coveted precious metal since ancient times, is now the most sought-after metal for new applications. If you have gold or would like to acquire more now, call our precious metals recycling consultants at 800-426-2344. If you have items to be tested, mention this blog post when you call and ask about free or discounted shipping costs for the items you send to us.
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