Comment by titaphraz
7 days ago
Are there economists here?
If you could make (non radioactive) gold AND keep it secret, how much (oz?) could you produce a year without substantially affect gold's market value? Asking for a friend.
7 days ago
Are there economists here?
If you could make (non radioactive) gold AND keep it secret, how much (oz?) could you produce a year without substantially affect gold's market value? Asking for a friend.
The world gold production is about 3500 tons/year. Order of magnitude, you should be able to add about 10% to that without causing the price to move any more than its normal yearly fluctuations.
[0] https://www.lbma.org.uk/alchemist/issue-100/gold-production-...
I’m honestly not sure that the market is looking at supply at all at this point and is focused mainly on gold as a hedge against assets that are part of structured economies (treasuries, the dollar, etc)
I would hypothesize that if you doubled the gold supply in the world you might only see a 1/3 decrease in price because of these dynamics - but I’m not an expert in that market.