Not when the supply of gold isn't fixed even disregarding relative economic values. A bit pedantic but even if the value of gold rises from increased demand th

Not when the supply of gold isn't fixed even disregarding relative economic values. A bit pedantic but even if the value of gold rises from increased demand the fact one can mine it and get in on it means they would have gained from it while being newer. Furthermore it technically takes from the older holders by reducing the demand slightly.