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>>Gold is a finite resource, like any other natural resource. For practical purposes, gold is not finite for the time being. We can keep mining it to expand su
by CryptoPunk 4y ago
>>Gold is a finite resource, like any other natural resource.
For practical purposes, gold is not finite for the time being. We can keep mining it to expand supply for a long time to come.
Maybe for some elements, it would make sense to apply a usage tax to discourage under-utilization of the existing supply, but that day hasn't come for gold.
>>You need land first and it need to be one of a few special locations on earth where such mining is profitable.
There are many places where one can purchase mining rights, and profitably mine gold. It's just a matter of investing the resources to do it.