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RE: Why Gold Is Still the Ultimate Monetary Asset.

in #gold7 years ago (edited)

Yes you are correct, gold supply increases with time. I was looking at the number and saw a higher population and GDP growth than the supply growth to justify that the increase gold supply does not impact price negatively.
The introduction of service backed/specific crypto drew me towards the stamp comparison.
Yes market assign value to crypto but as long as there is need for root node/exchange, it is easier for Govt. to shutdown / stick in some kind of regulation fee / tax and then it is no different from holding fiat.
They can't print but they can stick in a fee of 2% on every transaction for whatever reason they can come up with, just like target 2% inflation to chew away at purchasing power.
At the end of the day, we are all looking for something to hold that can keep most value for our golden age, right?
Thanks for sharing your thoughts, I thought we are way off from space mining. Got to update myself.

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