[DarrellZero]

People that say things like this always puzzle me. Is he unfamiliar with the law of supply and demand?

The reason the price of gold is high is because the supply is low relative to demand. Does he seriously think you could dump a quadrillion tons of gold into the market at $300 / ounce?

That much supply would hugely increase supply and accordingly crash the price.

[Jack Black]

The reason the price of gold is high is because the supply is low relative to demand. Does he seriously think you could dump a quadrillion tons of gold into the market at $300 / ounce?

That much supply would hugely increase supply and accordingly crash the price.

Yes, there already was a gold-based inflation, after the discovery of the New World and the looting of AmerIndian gold by the Conquustidors there was a lot of inflation in Spain. Lots more money (gold) chasing not much more stuff (Spanish land, horses, wine, etc.)

TANSTAAFL.

[Steve Van Doorn]

Bill Whittle is kind of an idiot sometimes. Why couldn't he simply say Psyche 16 that orbits between Mars and Jupiter is worth starting up mining operations.

There is billions of dollars of diamonds in Cuba but it's not worth mining for whatever their reasons.