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#284 – Saifedean Ammous: Bitcoin, Anarchy, and Austrian Economics
Lex Fridman Podcast
Why Is the Stockpile of Gold Increasing?
Gold stockpiles increase at around 1.5 to 2% per year, every year. But we're constantly adding to a stockpile that is not being consumed because there's no way of consuming gold. The second hardest metal historically was silver and that increased historically at around maybe 5% per year or so. Now it probably increases in something like closer to 30% because it's now getting used extensively in industrial uses.
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