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Gold is not useless in industry. It is used to conduct electricity in many industrial settings. It also has other uses - dentists use it as a tooth crown etc.
by Ologn 9y ago
Gold is not useless in industry. It is used to conduct electricity in many industrial settings. It also has other uses - dentists use it as a tooth crown etc. That it is useful is why it has value.
Yes, storing and transporting gold for financial purposes may be a waste of resources. But gold is easier to store than most commodities - put it in a vault for several centuries and forget about it. You can't do that with strawberries. You can transport a lot of value in several ounces of gold without much space needed.
- _acme 9y agoWhen was the last time gold was used in dentistry?
- phonon 9y agoEvery day? Gold fillings are significantly more durable than amalgams. http://www.webmd.com/oral-health/guide/dental-health-fillings#2 http://www.webmd.com/oral-health/guide/dental-health-filling... https://en.wikipedia.org/wiki/Dental_material#Gold https://en.wikipedia.org/wiki/Dental_material#Gold