> Large sums of gold are regularly moved on passenger planes, not to even start on the environmental cost of minting, coining, holding and protecting gold stores.
Citation sorely needed. A "large sum" of gold would fit in a small suitcase. Who the fuck is filling airplanes with significantly more than that, save for exceptional circumstances?
Most "store of value" gold sits in vaults around the world and is never moved. When ownership changes because someone buys a gold ETF, it's just bits moving around in a database.
Ugh, no, gold is used in electronics, aerospace materials, even to treat arthritis. Even if no one ever used it as currency it would still have properties that make it useful.
Citation sorely needed. A "large sum" of gold would fit in a small suitcase. Who the fuck is filling airplanes with significantly more than that, save for exceptional circumstances?
Most "store of value" gold sits in vaults around the world and is never moved. When ownership changes because someone buys a gold ETF, it's just bits moving around in a database.