3 ms·

Nope. Gold is used in limited quantities for plating pins in electronics, covering space helmets, and probably a few other things. It's really not that valuab

Nope. Gold is used in limited quantities for plating pins in electronics, covering space helmets, and probably a few other things. It's really not that valuable for getting shit done and need a lot of it type of stuff.

patmcc 13y ago
The use of gold in industry is discouraged by its high price - if it were the same price as copper, you'd see more uses for it.
TylerE 13y ago
If by limited quantities you mean "about 400 tons a year" (and that's not counting dentistry or jewelry) then yes. 11,666,666 troy ounces $15,108,332,470 at today's prices. If you do count jewelry, increase those figured by approx. an order of magnitude.
- chongli 13y ago
  400 tons a year is nothing compared to other industrial metals. By comparison, world production of copper is 17 million tonnes per year.
  - TylerE 13y ago
    $150 billion a year is nothing?
    - chongli 13y ago
      That price is due to the rarity of gold. If it were as common as copper, 400 tons would be worth a lot less than $150 billion a year.
      - TylerE 13y ago
        What's your point? Sounds to me like you're trying to win the debate by inventing your own set of "facts"
        chongli 13y ago
        The original point of discussion was the quantity, not the price.
    - mortehu 13y ago
      I think you mean $15 billion? http://www.wolframalpha.com/input/?i=400+tons+of+gold+in+dollars http://www.wolframalpha.com/input/?i=400+tons+of+gold+in+dol...
      - TylerE 13y ago
        The 150B figure is including jewlery/decorative use, for a total of 4k+ tons/year.