No they didn't.......

SpaceX is about to launch a rocket that will make the price to launch payload to orbit as low as $10/kg. Gold is currently worth $60,000/kg. There are people right now working to figure out how to take advantage of that arbitrage opportunity. Something to also consider, when looking for a long-term store of value.

This is equivalent to saying I “found” the rest of the 21 million Bitcoin that haven’t need mined yet. Necessary disclaimer: I’m not saying gold is better than Bitcoin. However we need to avoid being intelligently dishonest when it explaining why Bitcoin is better

I wish Peter Schiff was here on Nostr. I miss him.

Where is Peter in #nostr

😂🤣

Question is, is it true?

Are they spoofing the market so they can buy up more gold < $2k? (and not gold from the Perth Mint, of course)

gold is a scam

not scarce

can easily be confiscated. happened +20 times in history

How much environmental impact will this gold extraction cause? I doubt China cares much about it.

They found 50 tonnes, so that’s $3B not $3T..

It will take 20 years to extract according to the core sample analysis. That will keep with the normal annual increase of gold supply average of about 2% globally.

How do we verify this.

With #Bitcoin we can already verify the maximum supply, and verify every transaction per block. It's already enough to explain to gold bugs if they want to have an open mind.

I also have an open mind for shitcoiners too and will hear them out , but so far noone has convinced me that there is no second ₿est

gold is inflationary 😦