Oddbean new post about | logout
 Fair points here. 

But gold is not scarce. We do not know how many ounces of gold are out there or how many there will be in 20 years. 

We have mountains full of gold, grand canyons full of gold, and volcanoes in Antarctica full of gold.

I think that over time, gold will go to almost zero in terms of bitcoin. Mostly because bitcoin has a fixed supply. 

And when people are holding bitcoin instead of gold as their savings, what’s the new value or use case for gold?!