Gold is a very valuable and widely used metal worldwide. In addition to its attractive appearance, it has properties that make it suitable for many important uses beyond jewelry. These uses include electronics (due to its conductivity and resistance to corrosion), dentistry, glassmaking, other industrial uses, and more. Gold bars and coins are also used by many banks and individuals as a means of investing due to its limited supply and high value. In 2015 the consumer demand for gold in the United States stood at some 193 metric tons, while the estimated actual consumption in 2015 was 164 metric tons.
The jewelry industry has the largest overall demand for gold of any other industry worldwide that uses it by far, with a demand of some 2,042 metric tons of gold in 2016. By comparison,