I think people are using "gold" in 2 different ways. In the olden days, gold was actually a currency. The supply of coins you could produce was limited by the

I think people are using "gold" in 2 different ways. In the olden days, gold was actually a currency. The supply of coins you could produce was limited by the precious metals you had. The amount of paper money you could issue was limited by the amount of gold bars you had. In this system, gold is still acting like a currency; but a currency with very real limitations on the ability of any institution to manage it. [0]. This was the original meaning of digital gold. In contrast, modern gold is not used as a currency. It is used as a commodity and store of value; and a hedge against inflation. [0] Unlike gold though; bitcoin actually has a predictable issuance schedule. There is no sudden spike in Bitcoin supplies because prospective suddenly discovered a rich vein.