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A comment on Is it a Ponzi? A framework for evaluating crypto projects. Parent comment

Re:Is it a Ponzi? A framework for evaluating crypto projects by danuker on Wednesday June 08, 2022 @03:28PM (#31672742)
> Gold has a variety of functional uses in electronics. It's used for its physical properties in a lot of spacecraft.

The industrial uses made up 81.7 of the 474 tons in Q1 2022 (or 17.2%). That is not a lot.

https://www.gold.org/goldhub/research/gold-demand-trends/gol...

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Re:Is it a Ponzi? A framework for evaluating crypto projects by forum_ghost on Wednesday June 08, 2022 @04:19PM (#31673414)
Total above-ground stocks (end-2021): 205,238 tonnes.

81 tons out of 205,238 tonnes used per year...

rounding error.

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Re:Is it a Ponzi? A framework for evaluating crypto projects by danuker on Wednesday June 08, 2022 @04:26PM (#31673518)
Indeed, not a lot of gold gets traded, compared to what is mined. People joke that the metal is dug out of the ground just to be buried back (in vaults).
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