[Jack Black]

The reason the price of gold is high is because the supply is low relative to demand. Does he seriously think you could dump a quadrillion tons of gold into the market at $300 / ounce?

That much supply would hugely increase supply and accordingly crash the price.

Yes, there already was a gold-based inflation, after the discovery of the New World and the looting of AmerIndian gold by the Conquustidors there was a lot of inflation in Spain. Lots more money (gold) chasing not much more stuff (Spanish land, horses, wine, etc.)

TANSTAAFL.

[Yulee]

Does he seriously think you could dump a quadrillion tons of gold into the market at $300 / ounce?
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Did the price of gold crash, when the Spanish shipped it from the Americas to Europe?

Just wondering.