• Bonehead@kbin.social
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    11 months ago

    Gold is used in a variety of applications. You’re likely holding a device filled with gold right now. Even before the computer revolution, is was still used in medical applications. There are tons of uses for gold that don’t involve currency.

    • teft@startrek.website
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      11 months ago

      Yes it does have applications nowadays but when gold was used as a monetary store we didn’t have electronics. Gold was mainly used because it is shiny, easily workable, rare, and never corroded.

      • Bonehead@kbin.social
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        11 months ago

        It was shiny, easily workable, and didn’t turn your skin green. As a jewelry metal, it was much more valuable than as a currency. It had uses other than just money…

    • Troy@lemmy.ca
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      11 months ago

      The microgram of gold in my phone pales in comparison to the gold used in jewellery or hoarded.