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Originally Posted by Houdini
Not true at all. Gold has tons of industrial use.
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the article goes on the mention this specifically as *limited* industrial use. I looked it up in wiki, i don't know if it's official but it's states only 10% of gold mined is used for industrial purposes.
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A total of 171,300 tonnes of gold have been mined in human history, according to GFMS as of 2011.[2] This is roughly equivalent to 5.5 billion troy ounces or, in terms of volume, about 8876 m3, or a cube 20.7 m on a side. The world consumption of new gold produced is about 50% in jewelry, 40% in investments, and 10% in industry.[3]
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http://en.wikipedia.org/wiki/Gold