RE:RE:RE:Better than copper as a conductor
rdy2rumble wrote: JayBanks wrote:
stockwatcher7 wrote: There are 2 conductors better than copper for the electrification of our energy grid... The next best is silver and better yet Gold May cost a bit more but we will save million of I/R losses.
MMMMM .... gold and silver motor windings
Gold or silver power lines..
Have a great day..
This is one of the things that got my interest in gold, rather than a currency, store of value or precious metal... I see it as an industrial metal in the future for its conductive properties without tarnishing which silver, copper and aluminum can't match, which matters when things are built to withstand water and seasoning reliably. Currently electronic use of gold is extreamly small but going forward when conductivity of devices will matter ever more as things get so micro and powerful I believe use will rise.
As much as there is recycling and recovery of old electronics to recover these things, how many phones and other devices get trashed or lost, eventually that is going to compound more and more, especially things we shoot into space or bottom of the ocean...
Also as much gold as we dig out of the ground, how much do we put in the ground? People get buried with rings, necklaces, watches, teeth amoungst other things, for the most part we aren't recovering burial peices for reuse, especially from Egypt, or other religious items, those things become artificats and never recirculated...
Simply an idiot talking
Jewlery and Technology account for over 50% of the uses of gold... and would contribute to a loss in reserves through uses, as I don't think Gold Bars disappear from banks too often...
I'll accept being an idiot with numbers on my side.
https://www.statista.com/statistics/299609/gold-demand-by-industry-sector-share/
https://natural-resources.canada.ca/our-natural-resources/minerals-mining/minerals-metals-facts/gold-facts/20514
https://www.gold.org/goldhub/research/gold-demand-trends/gold-demand-trends-full-year-2022