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RE: LeoThread 2024-09-29 15:43

in LeoFinance3 months ago

Surprisingly, all the gold ever mined in human history could fit into a cube just 22 meters (72 feet) on each side.

According to the World Gold Council, approximately 212,582 tonnes of gold have been extracted, with nearly two-thirds of it mined since 1950.

Though widely used in jewelry, investments, and industrial applications, gold’s true value lies in its near-indestructibility—meaning almost all the gold ever mined still exists today.

It’s fascinating to think that despite its significance, all the world’s gold would occupy such a small space, making it all the more rare and valuable.

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Even in a world where cryptocurrency is gaining popularity, gold still has its place. Should we lose the ability to gener8 electricity (WW3, catyclsim, "cosmic" events, &c.), gold still has its intrinsic value. We should own a bit of gold.

That scarcity and indestructibility is its USP.

That's why it's better to measure everything not in cubes, but in parrots, that way you'll get more :) !VSC

And that is one of the reasons why gold remains one of the metals that many people will not stop investing on