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The gold was always there in the ground. Nobody 'made gold' -- the Earth has a fixed quantity.
by JMTQp8lwXL 6y ago
The gold was always there in the ground. Nobody 'made gold' -- the Earth has a fixed quantity.
- deegles 6y agoUntil asteroid mining companies bring home a trillion kg gold nugget one day :)
- asdev 6y agopeople determined and chose that precious metals had value through trade. same way people are determining Bitcoin's value now. Okay if Earth has a fixed quantity, what is it? Yeah you don't know. What's Bitcoin's limit? 21 million, defined by code.
- fragsworth 6y agoYou also don't know how much gold is actually above ground. How much has been stolen, historically? We don't know. And where is it stashed? We don't know. Some powerful people could have hoarded 90% of the world's gold and we wouldn't even have the slightest clue. There are no records for this.
- Nevermark 6y agoPurified gold in usable form is "made". One ingredient is gold ore in the earth. Other ingredients are research, metallurgy, labor, etc.