Of course it does.

Well unless you think we are going to mine astroids.

I’m sure some day we will

You and I will be dead.

Maybe our grandchildren

Likely longer,,,


Before gold it was beads and seashells


Wanted to add:

Just on Bloomberg,,,

If the US government pegs the price of their gold higher than currently

It will generate a substantial amount of cash,,,,,,?

Not sure how that would work??? But that’s what they’re saying

An accounting trick.

After SHF we go back to the made beaver standard.

Somewhat true, however, economically exploitable deposits are very few, and when they are discovered, the lead time from discovery to mining is usually well over ten years.

Gold does have a limited supply. We just dont know how much there is left to be able to mine and how practical it will be to mine the rest of it.

Lol

I stand corrected. However, Revelations 6:6 has the same general message

Here’s a reserve that was found last year so they’re finding more but like said before no one knows the total amount.

https://www.foxnews.com/world/largest-gold-deposit-world-worth-83-billion-found-china

When Reagan was President we reset the value of our gold to make the budget appear to be balanced. The gold assets magically increased in value, making the asset side of our sheet equal to the liability side, all with the stroke of a pen.

I don’t think we should spend our gold!

Too bad it's over there

^^^^^
That "news" was pretty much debunked as either propaganda or an attempt at market manipulation.

The most current estimates I found now is 160 to 168 tons which is still a lot.

I just retired from working at the giant Copper mine here in Utah, in the truck shop working on those haulers.

I know a bit about how much gold there is in the world, and it is totally unknown, yea there are guess's and estimates but this mine here alone is minor in gold production, it is actually taken as a secondary product in the clean up of the furnace output, in fact it's not really something the company aims for on a continuous basis ! 330,300 ounces a year as a salvage product LOL

However it's enough to pay for most of the mine running's and other things, they know where it is , they know when they need to get more, those say that gold is limited may be correct in one area of the world, but world wide, there is no estimate of it ever not being found and never being mined again LOL

Much more rare is Terrilum and the mine has learned how to process it on site as well, and it's been laid all over the mine footprint as a waste material for many years, it's is now flagged and is being processed way more quickly than the gold ever is.

Are there other things out there that may be worth more in some sort of use as the mighty human gets smarter, certainly, when is the question !

So I would assume it's just a matter of what is the most needed at the time of needing it which and why the cost is adjusted to feed the supplier, not the first time our gold supply has been adjusted in value, won't be the last either !