33. Stock-to-flow: a deeper look
The Bitcoin Standard Podcast
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The Stock to Flow of Gold Is Going to Double
Gold's stock pile has become larger and its flow has remained relatively constant. As long as you find more ways of producing gold, you're not going to demonetize it by finding more ways of production. So a couple of years down the line, gold ends up actually being a better money. But when you start using it for things other than monetary uses, you're effectively eating into the stock value. And that's what takes away its Monetary role.
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