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Lumifer comments on What legal ways do people make a profit that produce the largest net loss in utility? - Less Wrong
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Isn't the underlying problem gold hoarding, then, and not gold mining? (If gold were as cheap as copper, what would we do with it that we don't do already?)
A lot, actually. Gold is very ductile and completely impervious to corrosion, just to mention the first two characteristics that came to mind.
And a really good electrical conductor. It's already used extensively in the integrated circuit industry, although they don't really use very much by weight...