The winners of the City of Kalgoorlie-Boulder 2018 Art Prize were announced at an awards evening at the Goldfields Arts Centre on Friday night 21 September.
The annual event has taken a new direction this year, offering a major $20,000 acquisitional prize and artists having to submit work to a theme of gold.
In our last article on gold supply, we mentioned that one needs to be careful applying conventional commodity supply/demand analysis to gold.
Unlike many commodities, the share of industrial uses is very small, less than 10%. Most gold demand is either jewellery or investment of one sort or another.
Most people are familiar with the primary uses of gold; as a currency, in the creation of coins and bars, and as jewellery.
However, gold is also used for medical purposes in the treatment of rheumatoid arthritis and certain cancers; and in modern dentistry and orthodontics. It can be consumed as an indulgence in beverages or as a culinary decoration; and used in electronic devices such as mobile phones, tablets, and televisions, to name a few, as it is a highly efficient conductor that doesn’t corrode, making it extremely reliable.