Re:Someone just made a $147,239,214 Bitcoin transfer
by ansible on Saturday November 23, 2013 @08:02AM
(#6785811)
Indeed, without gold, modern electronics would not be the happy place it is now. I am old enough to have had to use a pencil eraser to periodically clean tin plated contacts. Even silver oxidizes under normal conditions. I like my gold (plated contacts).
It has a lot of other potential uses that other industries avoid because it is so expensive. If the price ever falls it will be kept up by those uses.
http://geology.com/minerals/gold/uses-of-gold.shtml