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giant2179 t1_j7qvmtf wrote

Reply to comment by rosesandpiglets in Gold deposit potentially worth $3 billion found near Republic by WashingtonPass

Based on that breakdown, it appears that approximately 80% of consumer used gold is in electronics, i.e. way more than is used for jewelry etc... Just my guess for what that stat really means

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rosesandpiglets t1_j7qwys9 wrote

That’s not what that means.

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Snooder365 t1_j7rkofo wrote

Genuinely no idea how they manage to read that so incorrectly... Just to truly reiterate it: "Estimated global gold consumption was jewelry, 47%; physical bar, 21%; central banks and other institutions, 14%; official coins and medals and imitation coins, 10%; electrical and electronics, 7%; and other, 1%"

How much clearer can that get?

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rosesandpiglets t1_j7rl8nt wrote

Yeah I really don’t know. Like it literally just lists the percentages… not a lot to misconstrue

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