Below-Ground Gold Reserves Will Run Out Before Bitcoin Supply Does.

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#gold #BTC #bitcoin #reserves #bundesbank #mining #GFMS #silver #money #supply #bitcoinmining #goldmining

Today we will look at a topic that is brought up a lot by bitcoin proponents. We are told many times by these people that there is an infinite supply of below-ground gold while there is a finite amount of bitcoin available.

As we will see form official data the below-ground amount of gold left could run out in under 20 years from now if mining rates for gold continue as is.

Germany's Gold: https://www.amazon.co.uk/Germanys-Gold-Deutsche-Bundesbank/dp/3777431826

How much gold has been mined?: https://www.gold.org/about-gold/gold-supply/gold-mining/how-much-gold

What Will Happen to Bitcoin After All 21 Million are Mined?: https://decrypt.co/33124/what-will-happen-to-bitcoin-after-all-21-million-are-mined

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