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A comment on Bitcoin hits $10,000. Parent comment

Re:Bitcoin hits $10,000 by zzxxddere333 on Tuesday November 28, 2017 @09:37PM (#15804072)
This is not accurate. The once useful properties of gold have now been replicated using other (cheaper, alternative, and even synthetic) materials that perform better.
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Re:Bitcoin hits $10,000 by sytelus on Tuesday November 28, 2017 @09:52PM (#15804145)
Gold industrial demand has virtually remained unchanged (probably because there is higher volume of goods produced even though lower usage per item)[1].

Gold usage %:

- Jewelry: 52%

- Govt holdings: 18%

- Investment: 16%

- Industrial: 12%

- Unaccounted: 2%

[1] https://blogs.thomsonreuters.com/answerson/gold-industry-dev...

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