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> Gold has a variety of functional uses in electronics. It's used for its physical properties in a lot of spacecraft. The industrial uses made up 81.7 of the
by danuker 4y ago
> Gold has a variety of functional uses in electronics. It's used for its physical properties in a lot of spacecraft.
The industrial uses made up 81.7 of the 474 tons in Q1 2022 (or 17.2%). That is not a lot.
https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-q1-2022 https://www.gold.org/goldhub/research/gold-demand-trends/gol...
- forum_ghost 4y agoTotal above-ground stocks (end-2021): 205,238 tonnes. 81 tons out of 205,238 tonnes used per year... rounding error.
- danuker 4y agoIndeed, not a lot of gold gets traded, compared to what is mined. People joke that the metal is dug out of the ground just to be buried back (in vaults).