🧠 MONETARY REALITY CHECK
Gold isn’t truly scarce — it’s inflationary.
If gold mining had stopped in 500 AD, 1 oz today wouldn’t be ~$5K… it would be $40M+.
Not from demand — from a fixed supply.
Instead, gold supply expands every year. Slowly, but relentlessly.
That dilution compounds over centuries.
📉 So the real gold drawdown didn’t happen yesterday —
it happened over hundreds of years.
🔑 Key difference:
• Scarce supply = slower dilution
• Fixed supply = no dilution
That gap isn’t 2x or 10x — it’s closer to 1,000x.
Not anti-gold.
Just monetary physics.
Once you see scarce vs fixed, you can’t unsee it.