Gold-making machines are real, undermining gold's scarcity. Gold goes to zero; unlike Bitcoin, whose supply is fixed at 21 million, new gold can be made. x.comÂ
kook
Crypto Trader, Creator of KookLetter
Gold's scarcity is vulnerable to synthetic creation. Marathon Fusion says it demonstrated high-rate conversion of mercury into stable gold. By contrast, no 21,000,001st ZEC can ever be made; Zcash is the 21st century's store of value. x.comÂ
Gold will see a diamond-like price decline if lab-grown gold takes hold. The quoted post says lab-grown diamonds halved diamond prices since 2016; gold is currently the largest asset class on Earth, so its money moving into Bitcoin could be consequential. x.comÂ
Central bank reserves will never let gold fade. That is the answer to @legitamit's concern about gold's eventual risk after Marathon Fusion's claim of turning mercury into gold. x.comÂ
Bitcoin benefits as the risk of creating gold through alchemy has entered public consciousness. That perceived threat to gold's scarcity supports a long Bitcoin position as a persistent theme. x.comÂ
Marathon Fusion's claim that it made stable gold from mercury is a reason to prefer Bitcoin to gold. The company says the demonstration beat CERN's record by a factor of 10. Sell gold and buy Bitcoin. x.comÂ
Government will never stop printing money, which should make bitcoin, gold and land do well for two decades. x.comÂ
Gold's scarcity is limited by technology and economics, and AI and automation are already loosening it. Mining needs no humanoid robots, only cheaper exploration, drilling, hauling, sorting, processing and maintenance; lowering the cost per ounce turns lower-grade deposits into profitable reserves and expands recoverable supply. Strip away gold's monetary premium and its price gravitates toward the marginal cost of producing the next ounce. Bitcoin's scarcity, by contrast, is set by code. x.com … Show more
Gold depends on finding a greater fool to buy it, which is increasingly problematic because bitcoin is a perfectly scarce version of gold that is portable over the internet. x.comÂ
Gold is set to take off as energy-driven stagflation traps the Fed and negative real rates favor it. Today's dovish hold was likely its last chance to hike: once the AI bubble bursts, the Fed loses that option, while current debt-to-GDP rules out Volcker-style hikes without fiscal insolvency. Per Macrotrends' chart, gold rose eightfold from its 1976 low to its 1980 high, equivalent to $32,000 gold over five years in today's terms. x.com x.com x.comÂ
Bitcoin's fixed 21 million supply makes it preferable to oil, gold and silver, whose higher prices encourage more production. Sell those three commodities and buy Bitcoin. A gold-normalized historical scarcity-resistance ranking scores silver 83.6 and WTI oil 72.1 against gold's 100; it tracks historical loss of purchasing power to Bitcoin, not physical scarcity. x.com x.com x.comÂ