this post was submitted on 04 Sep 2024
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I mean... actual gold isn't crazy valuable these days, is it? It's used in quite a bit of electronics for its corrosion resistance and conductivity IIRC.
Gold prices have risen steadily for a long time, partly because of its use in electronics. Over $2500/ounce now. But another quirk of gold is the ease with which we can make very thin coatings of it over other materials, sometimes only a few atoms thick. So it is commonly used, but in very very small amounts per device.
If someone works out how to make gold cheap. Then the current value of all gold will collapse and there were be a huge supply of shit that's been covered in dust in a vault for 100 years.
Very true. Unfortunately, this process just pulls gold from dilute sources and gathers it into nuggets, from small ones to very very large. No gold is being made new though, that would be great.
There is a shit load of gold out their in minute concentrations