The gold investors and fans would argue about it having limited resources or supply too. But no one knows what measurement and what exactly is the limit of it.
I have not read anywhere about anyone claiming that gold is of limited supply and anyone with such argument is either ignorant of just playing to the gallery. Gold is still being mined in West Africa and several other locations in the world and the supply is never limited.
Australia have an estimated reserve of 12,000 metric tons of gold, so where is the statement of gold having limited supply coming from?
Do you think that all of the minerals and natural resources of the world is unlimited?
Compared to Bitcoin, we all know that it's got 21 million supply and the last Bitcoin to be mined will take 120+ years before it happens.
By putting a limit on the supply of Bitcoin, I think it was designed to increase in price as the supply will never exceed demand on the long run, simple economics. Those who know this will naturally see why Bitcoin should be considered an option for the long term. Investment in Bitcoin is truly the best anyone can think of as it will keep getting better with time.
No doubt with that, we're all for Bitcoin and we've been holding the best asset of all time.
The gold investors and fans would argue about it having limited resources or supply too. But no one knows what measurement and what exactly is the limit of it.
Compared to Bitcoin, we all know that it's got 21 million supply and the last Bitcoin to be mined will take 120+ years before it happens.
With all of the comparisons and aspects of Bitcoin, it's no doubt a phenomenal asset that everyone should look at.
The earth is just too big, so we can’t say how limited gold is. And gold likely doesn’t exist only on earth. It could exist in massive quantities out there. Though what’s better about it is that it was printed by the earth, its earth money, unlike fiat that is printed at any time and any day and at their own will.
Yeah, we don't have an idea how limited it is. But just take a look at the perspective of the whole world. The land is limited, the housing is limited, the trees are limited unless you keep on planting and so as the diamonds, fossil fuels and other precious metals such as gold.
You're right that there's a possibility that it's also existing in some other planets or outer space but can you imagine how much resources that the explorers will get just to get out there?
Thus, we're only discussing the limit that it has got in our world.