Poster & powerpoint for business environment - Essay Example

Interestingly, gold is among the few elements that cannot lose its lustre due to exposure to moisture or air. An element that tarnishes becomes less valuable. Additionally, in can conduct electricity and can also be modified into different shapes (Kettell, 2002). Gold has been used as jewellery for a very long time. A large quantity of gold mined is as for decoration purposes. It is that 78% of the gold that is mined in the world is used produce personal ornaments such as bracelets, rings and necklaces.

One of the attributes that make gold an ideal element to manufacture ornaments is lustre. Gold is yellow in colour something that makes it more attractive for decorations. Consequently, is used to create durable ornaments. In addition, some communities have adopted the use of gold ornaments as part of their culture (Howard, 2009). Given that gold is highly valued, financial institutions use it as collateral. Banks and other financial institutions use gold a medium of exchange. The concept of using gold as a medium of exchange started more than 6000 years ago.

In the ancient days, snippets of gold and silver were used as means of transaction (Hill, 1999). Additionally, gold is widely used in the manufacture of electronic equipment. It helps prevent electronic equipment from developing malfunctions that arises from corrosion of components used to produce electronic equipment (Uhaj, 2009).It has been established that electronic devices made from gold lasts longer than those designed using other elements. However, one of the challenges of using gold in the production of electronic devices is that the part is rapidly becoming depleted (Friedberg et al., 2009). Australia is among the largest gold producers in the whole world.

In the year 2008, the country was ranked as the second largest gold producer globally. More than 75% of the gold produced from Australia comes from the Western side of the country. The 75% of gold from the region accounts for 4,500 tonnes