Originally Posted by TRX
Historicalyl, gold has been used as money because there was a finite supply of it, it was impossible to counterfeit, it was compact and portable, and other than decoration, had no practical value.
Considering the ever-increasing production of gold, I don't agree with the finite supply statement. See GOLDSHEET - HISTORICAL WORLD GOLD PRODUCTION
to see how worldwide gold production is increasing due to heap-leaching. At this time, we have an ever-increasing supply as well as an increasing dollar price.
I helped design some of the first heap-leach sites. We took over "spent" traditional mine "waste" and extracted the gold traditional methods couldn't reach. Almost pure profit and environmentally beneficial.