Something not often discussed when evaluating the scarcity of gold:
AI/robotics will collapse the marginal production cost of an ounce of gold.
Golds deflection rate of historically 1.5-2% will increase exponentially tracking the rate of innovation.
There is a fuckload of gold not yet mined.
Assuming a 15T current mkt cap gold needs 300B of inflows to maintain its fiat price. This will increase.
Gold is leaky, #Bitcoin isn’t.
McG
npub1eq…tk6lz
2024-09-10 14:33:16
Author Public Key
npub1eqhmw8cjh30uj0uefq8vylatzf46kxah0j3srmgqac47jepz2q8qxtk6lzPublished at
2024-09-10 14:33:16Event JSON
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"content": "Something not often discussed when evaluating the scarcity of gold:\n\nAI/robotics will collapse the marginal production cost of an ounce of gold. \n\nGolds deflection rate of historically 1.5-2% will increase exponentially tracking the rate of innovation. \n\nThere is a fuckload of gold not yet mined.\n\nAssuming a 15T current mkt cap gold needs 300B of inflows to maintain its fiat price. This will increase. \n\nGold is leaky, #Bitcoin isn’t.",
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