McG on Nostr: Something not often discussed when evaluating the scarcity of gold: AI/robotics will ...
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.
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.