this post was submitted on 06 Dec 2023
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[–] Bonehead@kbin.social 6 points 11 months ago (2 children)

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 6 points 11 months ago* (last edited 11 months ago) (1 children)

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 3 points 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...

[–] troyunrau@lemmy.ca 3 points 11 months ago (1 children)

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

[–] Bonehead@kbin.social 1 points 11 months ago

Yes, but again even by your own admission, it has uses other than just currency.