33. Stock-to-flow: a deeper look
The Bitcoin Standard Podcast
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The Cost of Recovering Industrial Silver or Jewelry
The cost of recovering industrial silver or jewelry and decorative and religious silver in my mind is effectively makes them not part of the stock bar because you can't really use silver stuff as money. With gold, this case is less clear because gold is about 100 times more valuable per gram. But actually, when you think about it, this is also an indication of gold's growing de-monetization. If you look at gold, there's about 92,000, almost half in jewelry. And $27,000 is other fabrication than I counted.
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