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Originally Posted by PR_Glen
would mining more in large quantities not lower the overall prices of gold? sort of like printing more money?
not my expertise but it still falls under that supply and demand principle doesn't it?
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No because gold is one of the least rarest metals on (above ground) earth. It takes 60 years or so of mining to double the above ground volume. With copper it's just 2 or 3 weeks.
That way, gold is almost in-elastic to supply and demand (mining) forces.