“. It might increase at first but if there is as much gold as they claim then it will not be as scarce.”
I think you misunderstand.
No I understand perfectly, but if large quantities are found close enough to make it profitable then a glut would become the reality. I personally do not believe it would be profitable enough, so I think for the most part it’s a pipe dream. The initial outlay would be enormous and the cost to retrieve it would be huge as well. But if enough gold were mined it would start to lower its value as the supply increased even 3 fold of what we have mined thus far. The more that was mined would mean continuously decreasing profit margins. It’s is like any other commodity that is subject to the laws of supply & demand. The reality is I will most likely never see these increases in my lifetime, as I am definitely on the far side of the down slope already. 8>)
I’ll get the shovel!
Just tell me where to start digging. :)
If only it were that easy.
Probably costs quite a bit to mine for the stuff these days.