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I tend to think that gold is pretty useless, too which, by the way, makes it a good base for money because people did not use to take their gold coins and go do something with the gold instead. In a sense, gold is as good for fiat money as nickel. But, how is Gold useful>

Wikipedia: Applications of Gold

Some gold salts do have anti-inflammatory properties and are used as pharmaceuticals in the treatment of arthritis and other similar conditions. However, only salts and radioisotopes of gold are of pharmacological value, as elemental (metallic) gold is inert to all chemicals it encounters inside the body.

Gold solder is used for joining the components of gold jewellery by high-temperature hard soldering or brazing.

Dentistry: ... The gold alloys' slight malleability facilitates the creation of a superior molar mating surface with other teeth and produces results that are generally more satisfactory than those produced by the creation of porcelain crowns.

In photography, Gold toners are used to shift the colour of silver bromide black and white prints towards brown or blue tones, or to increase their stability.

Gold is highly conductive to electricity, and has been used for electrical wiring in some high energy applications (silver is even more conductive per volume, but gold has the advantage of corrosion resistance). ... Though gold is attacked by free chlorine, its good conductivity and general resistance to oxidation and corrosion in other environments (including resistance to non-chlorinated acids) has led to its widespread industrial use in the electronic era as a thin layer coating electrical connectors of all kinds, thereby ensuring good connection. ... Besides sliding electrical contacts, gold is also used in electrical contacts because of its resistance to corrosion, electrical conductivity, ductility and lack of toxicity.

Colloidal gold is used in research applications in medicine, biology and materials science.

Gold, or alloys of gold and palladium, are applied as conductive coating to biological specimens and other non-conducting materials such as plastics and glass to be viewed in a scanning electron microscope.

Gold is used as the reflective layer on some high-end CDs.

The isotope gold-198, (half-life: 2.7 days) is used in some cancer treatments and for treating other diseases.

Silver has a similar list of applications. Transition metals are not readily replaceable for their specific aplications.

But, yeah, the "Gold standard" is a throwback to a time when wealth was flaunted by wearing and using gold.

Bush is a symptom, not the disease.

by Migeru (migeru at eurotrib dot com) on Sat Apr 28th, 2007 at 07:10:50 AM EST
[ Parent ]
one of the largest demand side inputs to gold price is demand for India where jewelry is used as store of wealth.

wonder how that would turn out if a real alchemist turns up?

by HiD on Sat Apr 28th, 2007 at 07:35:39 AM EST
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