Post
Topic
Board Economics
Re: Will people come back to gold
by
Cnut237
on 29/05/2019, 11:26:06 UTC
I think people will look for new sources of gold, even though they are running low.

I expect over the next couple of decades companies will start mining asteroids for precious metals, so the once finite nature of gold will change - maybe not infinite, but a vastly increased potential supply.
It will be interesting to see how this then compares with bitcoin's fixed max supply.
Anything can become a store of value, so long as enough people agree it has value, so that this opinion becomes the established consensus.
I would contend that something with a guaranteed fixed supply is much more suitable than gold to fulfill this role.