>2,000,000 metric tones of silver has ever been mined throughout history >more than 40% is lost or economically unrecoverable >200,000 metric tones of gold has ever been mined throughout history >15% is lost or economically unrecoverable
>B-B-B-BUT MUH ASTEROID MINING Asteroid mining won’t be a thing for another 100 years or more. And when they land the miner on a gold rich asteroid the price of gold will plummet and be worthless so they won’t bother brining it back. Then the price will bounce up because of low supply. Gold will always win, asteroid mining won’t be worth it until there is a heavy industrial use for gold.
>but muh deep sea mining No proof that gold will be mined in high quantity. Just that it will be mined like current annual production ie less than 5000 tones a year.
Gold wins. Pack it up. Silver wins. Crypto-currencies are just 0’s and 1’s on a screen with zero worth.
crypto has been hjacked by tards like yourself treating it like a commodity when it’s just 0’s and 1’s on a screen. Totally worthless like your opinion.
> he doesn't believe in digital currency in the digital age.
just go buy your gold on paper, pleb. we want to gain value here, not be jewwed.
Sebastian King
Economically unrecoverable is a really squirrely term because assay % viability threshold's are not constant. 50 years ago you'd need a 4% ore assay to viabley mine copper, now you're good with 0.5%. If you're gambling on gold we know is there staying in the ground indefinitely you're partially betting against the ability of market scarcity to drive recovery efficiency upwards. Not necessarily a bad bet but not necessarily good. An economically unviable bore hole can be viable again in 20 years.
By economically unrecoverable I mean gold that isn’t worth it to recycle. Ie a bunch of semiconductors buried in a trash fill.
Brandon Lee
It can be 0 and 1's, but it made people billionaires, while gold remains stable. Is it possible to ever become millionaire by putting 100$ in gold like it was with BTC? No? So crypto wins. Btw I like precious metals as souvenirs.
Jace Lopez
Landfill mining is unironically a thing though. It won't happen to gold for a good long time, but it only took 60 years before we started mining old cold war era landfills for copper.
I'm backing the truck up on silver as we speak. I'd rather have literal tons of shine rock than some internet meme that chinks use to evade taxes.
Leo Cook
>Halbenrain Nice Cityname for my next d&d campaign.
Michael Torres
Even if gold doubled in value within the next 10 years your average shitcoin will do that in 1. This isn't meant for you OP because I know it's a hilarious LARP
I know you're larping OP but it amazes me that there are actually boomers on this board that own 0 crypto. How can people even be on this board and still be no-coiners unless they just don't even bother researching? It would be like sitting in an empty room with 30 other people and each one of them checks their phone, stands up yelling "HOLY FUCK I JUST MADE 50%!" while you smugly sit there with your dick in your hand thinking they're the real idiots.
user Im so depressed home prices keep rising but my 2000 oz silver keeps falling everybody I know is buying a house and yet I sit on a failing commodity. It truly seems like everybody around me is fomoing into home ownership. My 6.5 oz of gold just sits there and laughs at me everyday calling me a cuck without a home for my 3 children.
Cooper Ward
hold on user we're going to make it house bubble will burst this winter after crypto eats all wealth then we buy a house for 25 oz silver
