Did my thesis research at Brookhaven National Lab, home of the Relativistic Heavy Ion Collider (RHIC), which is the predecessor of the heavy ion program at the LHC.
While there, one of the more senior scientists relayed an exchange from an ongoing review of the program. At the time, RHIC was colliding gold in the heavy ion program.
One of the reviewers asked if RHIC could save money by switching to a cheaper element, like lead. None of the RHIC representatives knew what to say. I don't remember the exact numbers, but RHIC used something like < 1 milligram of gold over the lifetime of the program.
You're right, the thing limiting the value is not demand - there are more than enough faculty and high-level staff that want to live there.
The thing limiting the value is the other restrictions that Stanford imposes on these houses - namely they essentially control the price the houses sell for because they all have to be financed through a Stanford-controlled lending program.
While there, one of the more senior scientists relayed an exchange from an ongoing review of the program. At the time, RHIC was colliding gold in the heavy ion program.
One of the reviewers asked if RHIC could save money by switching to a cheaper element, like lead. None of the RHIC representatives knew what to say. I don't remember the exact numbers, but RHIC used something like < 1 milligram of gold over the lifetime of the program.