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kleinbl00  ·  2276 days ago  ·  link  ·    ·  parent  ·  post: Musings on Cryptocurrency - an invitation to ruminate

Gold is a curious one, too.

Not adjusted for inflation and the gross world product does something similar:

https://media.treehugger.com/assets/images/2012/02/indicator2_2012_gwp.PNG

Gold has a use, though. Most of that which is mined is used industrially and commercially which takes it out of circulation as a marker of value. Looks like half to two thirds of gold is used in jewelry, for example.

Still puts that number hella higher than it is now.