>Gold requires hundreds of dollars per ounce and untold energy to extract. The gold you trade is already almost all extracted, I doubt there's 1B$ a year in go

>Gold requires hundreds of dollars per ounce and untold energy to extract. The gold you trade is already almost all extracted, I doubt there's 1B$ a year in gold extraction investment but maybe there is. >U.S. dollars require the existence of a powerful economy and trillion dollar military to keep the currency secure and desirable. All currencies require a relevant economy using them to be valuable so that's not a real requirement. As for a trillion dollar military that's doubtfull. There are plenty of currencies with the market cap of Bitcoin that don't have nearly as much of a military backing them.