Inside the Gold Industry

Inside the Gold Industry — page 3
HIDDEN GOLD Gold has been valued for thousands of years as money and to make precious objects especially jewelry For jewelry gold is valued for its shiny rich color and the tradition that claims gold is valuable Gold’s properties as a metal are also beneficial in jewelry making It is easily worked and can be hammered into thin sheets drawn into narrow wires or cast into a variety of shapes In addition gold does not tarnish easily so it remains shiny and bright for a long time Many other metals are harder to work tarnish quickly or are dull with plain colors Golden Mirrors Space telescopes often use microscopically thin layers of gold NASA’s James Webb Space Telescope has 18 mirror segments that each received gold coatings approximately one-millionth of an inch thick These coatings are 200 times thinner than a human hair and yet the gold remains durable and reflective 1 This provides a light-gathering ability that helps scientists study the most distant objects in the universe The James Webb Space Telescope is scheduled to launch in 2018 Gold’s physical qualities are also ideal for many electronic uses Gold is so easy to work that it can be drawn into a wire a fraction of the thickness of a human hair It can be beaten into a sheet so thin it is translucent Therefore gold can be used for very fine even microscopic electronic parts Resistance to tarnish is extremely important for any metal used in electronics Many electronic devices use very low voltages and currents The flow of electricity can be easily interrupted if there is any corrosion or tarnish in the system Electronic components made with gold are highly reliable as they rarely corrode 6