Who's putting gold in their food? Based on an episode of House MD, I believe that is severely poisonous.

Spot on! Jewelry is definitely a good way to store value. And the whole gold-in-food thing? That's just plain weird consumption!

0xbitcoiner

My understanding is that Indian, and other Southeast Asian, gold jewelry is functionally used as a store of value. They often melt some down when they need to dip into their savings and they pass it down to later generations to give them a financial cushion.

Electronics and other industrial uses are what I would think of as true consumption, because it can be uneconomical to recover the gold.

charts_and_numbers

Visualizing Gold Consumption vs. Domestic Supply

My understanding is that Indian, and other Southeast Asian, gold jewelry is functionally used as a store of value. They often melt some down when they need to dip into their savings and they pass it down to later generations to give them a financial cushion.

Electronics and other industrial uses are what I would think of as true consumption, because it can be uneconomical to recover the gold.