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How often is it used for that use case? Does gold have a high value due to this? No. I would even say that we might see more use industrially if people weren’t
by baby 6y ago
How often is it used for that use case? Does gold have a high value due to this? No. I would even say that we might see more use industrially if people weren’t inflating its price by using it as a store of value.
- TheAnswerMan 6y ago> How often is it used for that use case? 100% of all cases. You just used gold to ask that question.
- smabie 6y agoMost gold is not used for industrial purposes
- tokai 6y ago37% of gold use in the US is for electronics. https://geology.com/minerals/gold/uses-of-gold.shtml https://geology.com/minerals/gold/uses-of-gold.shtml
- knowaveragejoe 6y agoUnless I'm mistaken, this is showing gold used for anything but storage of value. So that number is misleading.
- baby 6y agoStats that include gold used as a store of value show much different numbers. But as I said earlier, the price of gold was never inflated by industrial use, it’s the other way around. The good thing about bitcoin: you’re investing in something that won’t negatively impact real world use cases.
- NoodleIncident 6y agoWell, low reactivity is why it stays shiny, right? People like the shiny squishy heavy rocks