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Out of curiosity, what percentage of the world's gold is used for anything other than a store of value (which, arguably, much jewelry is as well)
by tlrobinson 9y ago
Out of curiosity, what percentage of the world's gold is used for anything other than a store of value (which, arguably, much jewelry is as well)
- ywain 9y agoAccording to Wikipedia: > The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.
- padobson 9y agoGold is also one of the more conductive metals - that's another use that would provide a floor to its value. If the the momentum from using it as a store of value ever slowed and the price dropped, there would be a myriad of uses for it in electronics and medicine.