> A large fraction of gold mined every year is used for its material properties in industrial and electronic applications.
I thought that was less than 10%. That's a very low floor! (That said, gold is sound money)
I thought that was less than 10%. That's a very low floor! (That said, gold is sound money)
There’s easily decades worth of industrial use in vaults so the instantaneous floor is quite low. However feedback occurs well before you hit the actual limits here.
~3,300 tons where mined in 2024
“Industrial and tech demand accounted for 83 tons of gold in the third quarter” of 2024. 83 * 4 = 332 so ~10% which is fairly typical.