3 ms·
That's moving the goalposts. "entirely useless" and "not enough to make much of a difference in terms of volumes traded on markets" are very different claims.
by Bjartr 1y ago
That's moving the goalposts. "entirely useless" and "not enough to make much of a difference in terms of volumes traded on markets" are very different claims.
- measurablefunc 1y agoThe use in electronics is so small that it's functionally irrelevant to its speculative market price and role in a large-scale economy, making it essentially 'useless' in that context (industrial uses are not moving the price of gold now or even in the future w/ millions of robots in the pipeline)¹. No electronics supplier is going to come to you b/c they ran out of gold dust for the trace amounts they need in their circuits, now or in the future. And if it does somehow become a problem then they will figure out how to recycle it from the old circuit boards (they do this now as well I think but it's still not enough to move the price either way in the speculative markets). ¹https://en.wikipedia.org/wiki/Gold?useskin=vector https://en.wikipedia.org/wiki/Gold?useskin=vector - The consumption of gold produced in the world is about 50% in jewelry, 40% in investments, and 10% in industry.