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McG
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2024-09-10 14:33:16

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.
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