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Nothing to do with industrial use of gold, which is negligible, compared to mine supply (~3,000t/yr) and jewelry consumption. Labor in UK (and wider western wo
by mikhailfranco 3y ago
Nothing to do with industrial use of gold, which is negligible, compared to mine supply (~3,000t/yr) and jewelry consumption.
Labor in UK (and wider western world) has lost out compared to gold, due to globalization (net benefit to the world). That is irreversible.
Gold has lost out to tech and speculative risky investments, for now. That is certainly reversible. Watch this space 2024-5.
- sgt101 3y agoI think globalisation is very much reversable and in fact is being reversed at a rate of knots by things like Biden's green deal