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@shiri @pluralistic @funcrunch @kcoyle @rvkennedy @immibis @prestontumber@ma
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🧵> The consumers of gold are mostly jewelers and decorators, and (to a smaller extent) industry. They buy some 2000 tons per year, more than half of what the miners dig out of the ground.

Those consumers demand gold because it is still the best metal for those purposes, with no competitors. It is that demand that makes gold valuable (and made it so since pre-history).

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