That is right and we still don't know how much gold is left to mine, which is an unknown and we know pricing a market asset based on unknown supply is also unknown and thus cannot really be a safe haven long term when there exists something else which has a hard limit. Any number you come up with in terms of gold is speculative, and doesn't factor something like an astroid which might have materials that earth does not inflating supply of materials. Commodities always return to their mean average based on industrial usage and extraction costs. The only time they have speculative value is when they are safe havens during uncertain times. Now that uncertainty seems to have subsided (for average joes) commodities fall to their real value. Uncertain times usually are only a small fraction of the total time in ones life and thus commodities in general are in bear markets but with large spikes. Bitcoin has utility and safe haven status and thus has higher potential as people start looking away from commodities and into a better asset class that won't erode when safe haven status diminishes. This was all clearly defined in Szabo's post we gave to roach which he did not read and/or understand properly.