Blog


Top 6 Gold Utilities revised

Top 5 Gold Utilities

Posted on March 27, 2018

Gold isn’t just that sparkly metal that everyone loves. Apart from being a precious metal that is renowned for being a sign of wealth, it has many unique properties. These include being extremely malleable, not tarnishing, conducts electricity, alloys with other metals and is used in wires.


Electronics

Gold is an extremely efficient conductor that is able to carry tiny electrical charges. Because of this, a small amount of gold can be found in almost all electronic devices.


Dentistry & Medicine

The best fillings, crowns, bridges and orthodontic appliances are made of gold because the metal is chemically inert, easy to insert and is non-allergenic.


Aerospace

In the aerospace industry gold is used to conduct electricity, lubricate mechanical parts and coat the insides of space vehicles so that those inside are protected from infrared radiation and heat. 


Trophies

As the most highly esteemed precious metal, it is only natural for gold to be awarded to the winner of sporting events like the Olympics, for it to feature in royal crowns, awards and religious statues. 


Finances & investments

As gold is so rare and highly valued, the precious metal has been used as a natural currency for over 6,000 years and it wasn’t that long ago that it backed the US dollar. A popular way to hold or invest in gold is to buy gold coins, gold bars and gold bullion. It must be noted that increasingly people are turning to buying gold online.


To buy gold online in Dubai you will need to open a gold account with a broker or bank. With Mashreq Neo, this can be done in just a few taps. This means your gold account will be connected to your regular current account, so transferring money between accounts is seamless.


Gold is a good asset to involve yourself in and learn about as it is widely regarded as a safe haven asset that the market floods to whenever there is a downturn. Being experienced in the gold market will equip you for such experiences so that you can take advantage.


A natural progression from buying and holding gold is to actively trade gold. Mashreq Neo is an excellent tool in both cases.


Gold Trading with Mashreq Neo

To get started with buying gold online you just need to setup a Mashreq Neo account which you’re only a couple of minutes away from doing.


• It only takes you a click to get setup

• Convert your invested gold to cash anytime, anywhere

• 24-hour access to competitive prices.

• Updated twice, daily.



Disclaimer: This article has been prepared solely for information purposes. It does not constitute an investment advice, solicitation, offer or personal recommendation by Mashreq, or any of their related parties to buy or sell any securities, product, service or investment or to engage in or refrain from engaging in any transaction, particularly, in any jurisdiction where such an offer or solicitation would be illegal. Neither Mashreq nor any of their related parties warrant the accuracy of the information provided herein and views expressed in this article reflect the personal view which does not take into account of individual clients’ objectives, financial situations or needs. Investors are required to undertake their own assessment and seek appropriate financial, legal, tax and regulatory advice to determine whether such investment is appropriate for them in light of their experience, objectives, financial resources and other relevant circumstances. Neither Mashreq nor any of their related parties accept any liability whatsoever for any direct, indirect, consequential or other loss arising from this article and/or further communication in relation thereto. Mashreq do not accept any obligation to correct or update the information in this article.