It is always advisable for investors to keep abreast of the latest advances in medical, technological, and industrial arenas, as precious metal industrial uses are incorporated in all of these disciplines. Precious metals like gold, silver, and platinum are widely known to be used in dentistry, but these metals have other medical benefits in the manufacturing of cancer fighting drugs, as well as in orthopedic, and microsurgery.

Precious metals like gold, silver, and platinum are malleable (easily manipulated by hammering), ductile (able to be drawn, or stretched into fine thread, or filament), as well as biocompatible, which means that the human body doesn’t readily reject them as a health-threatening foreign body. For these reasons, precious metal industrial uses also include making surgical instruments, as well as foil that can be used for preserving damaged nerve endings.

Probably the most widely observed precious metal industrial uses are evident in jewelry manufacturing, but the auto industry also uses silver and platinum for manufacturing exhaust systems (catalytic converters), as well as for thermocouples that are used in heating and cooling systems.

Gold is a highly reflective precious metal, and is used in the crafting of high-powered lenses, as well as for light filters in eyewear. Our soldiers and astronauts benefit from this technology, as well as everyday people who wish to protect their eyes from Ultra Violet radiation damage. Precious metals are also excellent conductors, which is why they are also used in electronic components like microchips, and circuitry boards.

For all of these, and many other reasons, it is wise to invest in precious metals, since the next technological breakthrough could mean an increased demand for gold, silver, platinum, or palladium.

Franklin Gold