Not really. Gold is used in electronics for its non-corroding properties.
Fine art and jewellery is about all its used for.
So that the gold that was used is still around.
I am with Bix and Buckminster that there is WAY more gold than any would admit. That if we knew how much gold there actually was in vaults, then gold might not be a precious metal anymore.
RE: 3 Reasons Why Silver Should Be your #1 Investment!