Something not often discussed when evaluating the scarcity of gold:

AI/robotics will collapse the marginal production cost of an ounce of gold.

Golds deflection rate of historically 1.5-2% will increase exponentially tracking the rate of innovation.

There is a fuckload of gold not yet mined.

Assuming a 15T current mkt cap gold needs 300B of inflows to maintain its fiat price. This will increase.

Gold is leaky, #Bitcoin isn’t.