Do you say gold exist 1000+ years "maybe?"
from what planet you are?!
If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.
from what planet you are?!If you love to compare bitcoin with gold they have different history. The price of gold was high from the most beginning and now its lower because the mass of gold increased. Number of bitcoin's is limited and this factor can make it super expensive at the moment when all coins will be on the market.
Well thats complete crap. Gold is mined every year so by your theory as supply increases every year then the price should decrease every year.
Gold price is a measure of confidence in the global economy with a floor price based on mining costs.
When the world economy is stable and growing the gold price tends to drop back, when fear and uncertainty raises its head then gold price increases.
Central banks are currently accumulating gold at the fastest rate since 1971, that should be enough to tell you what is about to happen. Gold is also currently at an all time high in 72 currencies.
Also considering Comex is currently leveraged at over 200 paper gold oz's to every real physical oz of gold its easy to see that physical metal supply has little impact on price at this current time. If Comex ever goes under due to customers demanding physical delivery of the metal during a financial crisis you can imagine the impact on gold price.