During the last millennial Gold became a standard of transaction apart from using it as ornaments. Then gold has been used as a medium of guarantee for the issue of cash. So whenever there is an issue of currency then gold became a necessity. Gold which is a rare Earth metal that was considered very difficult to obtain was there by entitled as so precious. Some people have even considered it as sacred due to its non availability. Mining of gold is regarded as difficult and hence considered as a costly process. Earlier in some countries ornaments were worn to deities as an honour. Later it became a practice to shield the statues and sculptures of divine importance with gold. Gold as a medium of regular transaction has been started with the popularity of gold loan by which Gold is pledged for taking loan and returns it when the loan is closed. But Gold is not used in the transfer of electricity even though it is the best conductor. If the gold that is kept in the custody of people as ornament or an asset to safeguard against inflation is used for transferring electricity then it would be a great revolution. When it is used as ornament it is similar to keeping a car in a car porch for years without using it. Moreover if kilograms of Gold is extracted in a single day it need to be reconsidered whether it is rare or abundant.