#Silver and #Gold are actually some of the *worst* metals. They’re only valuable due to how little is mined and how much energy is needed to create gold itself (you need a nuclear reactor)

It’s all based on supply and mining/production, which is exactly what stock to flow ratios measure— value.

#Bitcoin will pass golds S2F ratio at the coming halving in April and it will continue to increase as the rest stay the same. Most of these other materials are easy to make with abundant iron ore.

No one can ever create more than the set 21M bitcoin supply, and miners are programmed to “unlock” less and less bitcoin on an immutable schedule.