It’s not about the amount of gold…it’s the cost of mining a certain amount of gold.

Just like “volcano” bitcoin mining will never compete with flare gas bitcoin mining because it is too expensive, if the El Salvador gold is very costly to mine, it won’t be mined.

This dynamic is very much at play in West Canada oil sands. They have so much oil in West Canada…but it is extremely expensive to produce. So when the oil price is below $100/bbl, West Canada doesn’t attract capital. If the price of oil shoots to $120/bbl then capital will find its way to West Canada and the incremental production will put pressure on the price back down towards $100/bbl or lower.