Researchers have discovered a process using gold that appears to increase the effectiveness of a lung cancer treatment.
CNBC reported on the promising development in a story headlined, “Could gold finally have a purpose?” This silly headline plays into a common fallacy: this notion that gold doesn’t actually do anything. Warren Buffet encapsulated this attitude in a speech decades ago.
[Gold] gets dug out of the ground in Africa, or someplace. Then we melt it down, dig another hole, bury it again, and pay people to stand around guarding it. It has no utility.”
Of course, gold has many purposes, starting with the fact that gold is money. And it’s increasingly being used in technological applications from biomedical processes to energy production.