One of the common and a good conductor for electricity is gold. Processors, some cables, graphics cards etc use gold just for the sake of conducting electricity. Generally these aren't pure gold and definitely not like the jewelry. I wouldn't count it as deflation.
What about 16 Kilos of Silver in each cruise missile ?? That is pure Silver. I think Gold used in computers/laptops, smartphones are pure Gold. That is the reason Gold and silver are known as precious metals because they run technology.