2 ms·
Gold 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
by npoc 2y ago
Gold 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