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This is not accurate. The once useful properties of gold have now been replicated using other (cheaper, alternative, and even synthetic) materials that perform
by zzxxddere333 9y ago
This is not accurate. The once useful properties of gold have now been replicated using other (cheaper, alternative, and even synthetic) materials that perform better.
- sytelus 9y agoGold industrial demand has virtually remained unchanged (probably because there is higher volume of goods produced even though lower usage per item)[1]. Gold usage %: - Jewelry: 52% - Govt holdings: 18% - Investment: 16% - Industrial: 12% - Unaccounted: 2% [1] https://blogs.thomsonreuters.com/answerson/gold-industry-developments-changes-last-50-years/ https://blogs.thomsonreuters.com/answerson/gold-industry-dev...