Comment on Alchemy is so hot right now.
5190tent@lemmy.world 18 hours agoLook at the gold price for the last 10 years, it’s steadily rising. We keep producing more electronics that need gold. At the same time some gold is lost because not in all tech it can be easily recycled. On top of that gold mining is becoming more expensive because a lot of easily accessible gold has been mined out.
So even if this technology could create additional gold in the future it probably won’t out scale the growing demand.
AlmightyDoorman@kbin.earth 6 hours ago
Tbf gold demand is artifical, total mined gold by humanity is approx 27m³, used in electronics is 1m³, rest is jewelry and storage. Value of gold essentially boils down to "it has value and is pretty"