This would replace mercury, which is extremely toxic and associated with serious health issues, when not handled with exceptional care.
Using gold therefore, could prove highly beneficial and Johnson Matthey is actively working to drive this change.
Gold’s contribution to the technology sector underpins its value in the modern world and its ongoing role as an industrial commodity.
However, it remains a valuable financial asset too.
Dr Andrew Sheng, Distinguished Fellow of the Asia Global Institute, advocates that central banks should increase their gold holdings, as the world moves from an international monetary system dominated by the US dollar to a multi-polar currency system.
Dr Sheng points to gold’s multiple benefits as an asset that delivers long-term returns while reducing risk and increasing liquidity.
Brunello Rosa, economics expert and CEO of Rosa & Roubini Associates, also subscribes to its benefits within a diversified portfolio.
Assessing the political situation in Italy, he predicts that volatile times lie ahead and suggests that gold could be a useful asset to hold in such an environment (see: “Italy and European political risks suggest defensive positioning“).
And Matthew Turner of Macquarie also points to the stability of the commodity in recent years – in stark contrast to many other asset classes.
Across the world, gold is increasingly entering the mainstream and becoming part of the global dialogue among policy-makers, opinion formers and leading institutions.
Our inaugural Investment Summit, held in New York earlier this year, analysed key challenges within the investment community and the precious metal’s potential contribution as a long-term, stable, store of value.