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.
@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
Yeah, it’s more than just “shiny good”
Historically, the value of gold was tied to its “incorruptibility”. It is associated with purity and permanence.