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That would be fascinating, if true. It requires balancing so many things. We keep mining, so supply is increasing, but so is population and thus demand. We k
by everforward 3y ago
That would be fascinating, if true. It requires balancing so many things. We keep mining, so supply is increasing, but so is population and thus demand. We keep making more efficient ways to mine silver which should make it cost more silver, but we are also getting more efficient at herding goats making it cheaper.
It's crazy that many factors could be/stay in balance. It makes me wonder whether those factors are actually separate or whether these factors scale based on some common element like population.
- foobarian 3y agoWould be even crazier if the causality flows from the amount of the mineral available - i.e. can't have a larger population without mining more of the silver (which could be correlated with mining a whole bunch of other minerals involved in the supporting economy etc.).