China is the world's largest producer of the precious metal, but of late its central bank has been buying up large quantities. So what is it doing with it?
I think the fact that it’s very chemically stable is likely a factor as well so it can be stored for effectively an infinite amount of time & it won’t degrade/react, it’ll still be gold.
@lanigerous@Spendrill It’s also very conductive. It’s not an accident that gold is used in high-quality electronic contacts like cable ends or card edges.
I think the fact that it’s very chemically stable is likely a factor as well so it can be stored for effectively an infinite amount of time & it won’t degrade/react, it’ll still be gold.
Very good point.
Yeah, it’s more than just “shiny good”
@lanigerous @Spendrill It’s also very conductive. It’s not an accident that gold is used in high-quality electronic contacts like cable ends or card edges.
Not if i shove it in the good old fusion reactor
Historically, the value of gold was tied to its “incorruptibility”. It is associated with purity and permanence.