2 ms·
> Even gold's above ground supply doubles every 3 or 4 decades. Citation needed. In particular, Wikipedia says 201,296 tons exist above ground as of 2020. It
by AnimalMuppet 2y ago
> Even gold's above ground supply doubles every 3 or 4 decades.
Citation needed. In particular, Wikipedia says 201,296 tons exist above ground as of 2020. It also says the annual production is 1,480 tons. So, no, the gold above ground absolutely does not double every 3 or 4 decades.
More: Look at the price of gold and the price of bitcoin. Which has been the more stable store of value?
- npoc 2y agoGold supply increases at a rate of around 1.5-2% per year. Last year gold supply increased by 4899 tons which gives 4899/212582 = 2.3% 2% annual increase means it doubles every 3.5 decades. https://www.lbma.org.uk/alchemist/issue-100/gold-production-over-the-past-and-next-25-years https://www.lbma.org.uk/alchemist/issue-100/gold-production-... As for the price, here's bitcoin priced in gold: https://imgur.com/a/xFDJ0Wq https://imgur.com/a/xFDJ0Wq