Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
When we think of precious metals, we often associate them with beautiful jewelry. Well, for some people, a safe investment option also comes to mind.
In addition, metals such as platinum and palladium serve as catalysts in fuel cells and catalytic converters, helping reduce vehicle emissions and enabling hydrogen production. These metals play a vital role in medical devices, with gold nanoparticles used in imaging and platinum-based drugs for cancer treatment.
Additionally, gold's unique properties enable the miniaturization of electronic devices. As our gadgets become smaller and more compact, the need for reliable and efficient conductors like gold becomes even more critical. Without gold's contributions, our smartphones, laptops, and other gadgets wouldn't be as small, sleek, and powerful as they are today.Another precious metal that finds extensive use in electronics is silver.
In addition to imaging, gold has shown promise in therapeutic applications. Gold-based drugs, known as gold salts, have been used to treat conditions like rheumatoid arthritis and other autoimmune diseases. By modulating the immune response, these drugs can alleviate inflammation and provide relief to patients suffering from chronic pain and joint stiffness.
For example, Gold, silver, and platinum group metals are vital components in the electronics industry. As our reliance on electronic devices and technology increases, so does the demand for these metals. In fact, a report by Oxford Economics shows that about 50% of silver demand today comes from industrial applications.
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