joeruelle on Nostr: How does gold trend to zero? We've already minded like 70-80% of the earth's gold, ...
How does gold trend to zero? We've already minded like 70-80% of the earth's gold, with pretty high confidence.
Of course asteroid mining could change things, or maybe some large deposit could be found somewhere totally unexpected vis a vis the modelling—though even that wouldn't likely change things by more than a few percent.
So the scarcity part seems pretty legit. And I don't see our race falling out of love with traditional concepts of jewellery anytime soon, to say nothing of gold as an accepted abstract store of value.
Of course asteroid mining could change things, or maybe some large deposit could be found somewhere totally unexpected vis a vis the modelling—though even that wouldn't likely change things by more than a few percent.
So the scarcity part seems pretty legit. And I don't see our race falling out of love with traditional concepts of jewellery anytime soon, to say nothing of gold as an accepted abstract store of value.