Gold reserves are enormous. The reason gold has remained expensive for millennia was primarily due to the limitations of technology; finding, mining, and smelting gold were all extremely difficult. However, with technological advancements, these problems have been easily solved, significantly reducing the difficulty of obtaining gold. Consequently, the price of gold has also decreased considerably.
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And yet gold is running and bitcoin is flat and has people worried about quantum. You don’t have to worry about quantum seed phrases with gold. “But yough can’t moov 100 million dollars worth of gold through an airport like bitcoin” great. Who has 100 million? Like 6 people, 5 of whom aren’t into Bitcoin.
Yup! And it will continue to lose its monetary premium against better stores of value like bitcoin as it continues to become less scarce.