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1) The low-hanging fruit has been picked. Those "underground

Posted on: September 8, 2022 at 12:58:47 CT
zounami MU
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reserves" are, from what I've read/seen, are very costly to mine and refine/process. Like, prohibitively expensive with current technology to be profitable enough to extract.

2) The stat about "all of the gold discovered thus far would fit in a cube that is 23 meters wide on every side" is really interesting. It lets you know how truly scarce it is as a resource.
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Inflation, the Price Level, and Economic Growth: - pickle MU - 9/8 12:07:12
     Why should we be on a gold standard - meatiger MU - 9/8 12:44:21
          Gold supply is increasing roughly 2% a year - tiger4real MU - 9/8 12:57:25
               So what - meatiger MU - 9/8 12:59:04
                    Not really. It’s a store of value and that’s about it.(nm) - tiger4real MU - 9/8 14:19:44
          Are there areas w/ lots of gold that haven't yet been mined? - zounami MU - 9/8 12:47:27
               This would say there is at least 30% more - meatiger MU - 9/8 12:52:44
                    1) The low-hanging fruit has been picked. Those "underground - zounami MU - 9/8 12:58:47
                         So what - meatiger MU - 9/8 13:02:38
                              but gold has intrinsic value through its beauty & industrial - zounami MU - 9/8 13:04:31
     Do you agree with this article? - Spanky KU - 9/8 12:17:50
     And whatever comes of all these think tank white papers? - TrumpToRushmore MU - 9/8 12:15:01
          It won’t happen overnight but this is why Bitcoin exists - tiger4real MU - 9/8 12:18:12
               Governments can regulate and criminalize CC into oblivion... - zounami MU - 9/8 12:20:19
                    Bitcoin is on its own, very distinct from all other cryptos - tiger4real MU - 9/8 12:23:20
                         Don't be naive. If it ever truly threatens the fiat currency - zounami MU - 9/8 12:27:08
                              It is nowhere close to threatening fiat currency. - tiger4real MU - 9/8 12:32:13
                                   yes, that's exactly what I posted a few minutes ago (nm) - zounami MU - 9/8 12:33:19
                              ...but currently, it's just a pyramid scheme making - zounami MU - 9/8 12:30:01
                                   Other cryptos yes. Transactions are indeed occurring w BTC - tiger4real MU - 9/8 12:33:49
                                        "not on a grand scale" is the point... it's currently used - zounami MU - 9/8 12:35:56
                                             It’s 12 years old. And you are wrong, majority are buying it - tiger4real MU - 9/8 12:38:48
                                                  You didn't refute anything I said, so I'm not sure why you - zounami MU - 9/8 12:39:27
                                                       You said it’s mainly used for crypto trading and that is - tiger4real MU - 9/8 12:55:43
                                                            No, it's 100% correct.. the vast majority of CC transactions - zounami MU - 9/8 13:00:55
          Not sure the author - JayHoaxH8r MU - 9/8 12:16:43
               Liberal elite are not just idiots, they are evil idiots. - TrumpToRushmore MU - 9/8 12:18:34




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