What would happen if Lab grown gold becomes a reality? Will economy come crashing down?
- Lab-grown diamonds took about 4 years to do the damage but wholesale prices fell 60-70%.
- Gold is different because it isn’t just jewellery. Central banks hold it as a reserve asset and use it for hedging.
- • A sharp fall in gold prices would hit central bank balance sheets, gold loan books, ETFs and every household savings creating a massive ripple effect in economies.
- Experts say we needn't worry as of now since there is limited commercial viability proof.
Source: x.com
Get 100 stories a day on the app
Read, watch & listen · Free on iOS & Android
