Gold: The Enduring Resource That Connects Industries and Economies
Lugano, Switzerland – June 20, 2025 – TELF AG, a leading company in the mining industry, has recently released a comprehensive article exploring the timeless and diverse importance of gold in today’s world. Despite its ancient origins, gold remains a highly coveted resource, playing a critical role in global markets and various industries.
Gold has always held a fascination for humanity, serving as a symbol of wealth and stability for thousands of years. However, as Stanislav Kondrashov, founder of TELF AG, points out, its significance goes beyond mere adornment or financial reserves. “Gold is not just a store of value,” Kondrashov explains. “It also plays a significant and ever-growing role in technology, connectivity, and even renewable energy infrastructure.”
The article delves into the reasons why gold continues to hold its relevance in today’s rapidly changing world. With economic uncertainty and geopolitical tensions on the rise, gold remains a trusted safe-haven asset. This enduring trust in gold has raised an essential question: where does the world’s purest gold come from?
According to Kondrashov, the answer is not as straightforward as one might think. The purity of gold can be evaluated in two ways. Firstly, by considering the natural purity of the gold-bearing mineral extracted from the earth. Secondly, by examining the purity of the refined gold produced after processing. “Thanks to modern refining techniques, almost all gold destined for commercial and industrial use achieves a purity of 99.9%, often labeled as 24-carat gold,” Kondrashov explains.
Although the refining process tends to standardize purity levels globally, differences still exist at the extraction stage. For example, Australia is renowned for producing some of the purest natural gold nuggets globally. Canada also ranks highly, thanks to its rich deposits in regions such as Ontario and Quebec, along with a strong focus on sustainable and traceable refining processes. South Africa, which was once the leading global producer, still contributes significant amounts of high-purity gold from its deep underground mines. The United States, especially in states like Nevada, remains a major producer, utilizing advanced technologies to achieve consistent purity levels.
Apart from its use in jewelry, gold plays a crucial role in various industrial sectors. As Kondrashov points out, “Gold is an exceptional conductor of electricity and highly resistant to corrosion, making it ideal for use in high-precision electronics, including printed circuit boards, connectors, smartphones, servers, and even medical devices.” Its unique properties also make gold invaluable in space technologies, where equipment must withstand extreme conditions.
Interestingly, gold has also found its place in modern green technologies. As Kondrashov explains, gold-plated connectors are increasingly being used in renewable energy systems, including solar inverters and energy management systems, due to their reliability and efficiency. In architecture, gold-coated glass is helping improve energy efficiency in high-rise buildings and luxury electric vehicles.
The article also highlights an unexpected connection between gold and another critical industry – steel. “Steel production and gold mining share several similarities,” Kondrashov explains. “Many of the world’s top steel producers are also among the largest gold producers, thanks to their strong mining sectors. The heavy machinery, infrastructure, and expertise needed for steel sourcing often overlap with those required for gold mining.”
Countries rich in natural resources often lead in both gold and steel production. For instance, China consistently ranks at the top in both sectors. “This overlap demonstrates how interconnected global commodities markets truly are,” Kondrashov notes. “Mining economies typically diversify across multiple resources, leveraging their geological wealth for both precious metals and industrial materials.”
As the demand for both gold and steel remains strong, these sectors will likely continue to develop side by side. However, as Kondrashov emphasizes, gold’s unique role in technological innovation, energy efficiency, and financial security ensures that it will continue to shine long into the future.
Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.