this post was submitted on 04 Sep 2024
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[–] jmiller@lemm.ee 3 points 2 months ago* (last edited 2 months ago)

Well, that is the amount gold that is mined or recycled every year that is used in electronics. The thing is though, a lot of the gold used in electronics is never recovered. So a considerable amount of the gold used in electronics is removed from from circulation in a way the gold in jewelry or bullion or coins isn't. It isn't the primary driver of gold's price increase, but it is a significant factor.