#527: Oct 28th 2011 at 5:30:55 PM
Possibly, but we don't need that much of it. The vast majority of it is just window dressing...
Except, perhaps, if they can make it into a superconductor. Isn't gold the element they wanted to do that with? I no longer recall...
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#528: Oct 28th 2011 at 5:31:34 PM
It has industrial and commercial uses, yes. But what Keynes was talking about was the practice of digging it up and dumping it bank vaults.
If the world gold supply were released for its practical uses, it would be a lot more worthwhile to dig up.
edited 28th Oct '11 5:32:12 PM by Fighteer
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#529: Oct 28th 2011 at 5:33:41 PM
...we could always use the gold to make new, modernized SR-71 Blackbirds...
(For those who don't know, they lined the gas tanks of the Blackbird with pure gold).
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I thought gold had enough practical uses to justify mining it even without its value as a currency?
(Not that there's a whole lot of point in nitpicking at something that was only meant to be used to illustrate a point, but still, I'd like to know if I've misunderstood the utility of gold.)
edited 28th Oct '11 5:29:47 PM by BestOf
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