Replying to umni

Gold does not hold it's value. It declines at the production rate.
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FreedomTech 2mo ago 💬 1

Oh ... well get producing then.

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umni 2mo ago 💬 1

Exactly, if the production cost was more then the value produced then no one would mine. The spread between production cost and the price represents the inflation rate in gold.

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FreedomTech 2mo ago

The production cost listed in ounces of gold.

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Sam 2mo ago

The inflation rate is the increase in the gold supply. The limited, and risk of the, profitability of mining slows down the inflation rate as insufficient incentive to mine harder.

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Sam 2mo ago

🤣