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this post was submitted on 01 Jun 2025
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Futurology
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https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/
Only 7.16% of gold usage is for technology. The other 92.84% are just for purposes of being shiny. If we dropped gold from jewellery and as a proxy for money, there would be more than enough gold to go around and the price of gold would drop a lot.
Why are you surprised that the really expensive item isn't used for utility purposes? Why do you think its use wouldn't change if it was cheap?
Before aluminum was cheap to refine, it was used for cutlery and other displays of opulence. After it became cheaper, we used it everywhere.
Still not enough to use gold instead of copper for wiring
I don't think gold would make really good wiring.