I think if we collectively realize that gold isn't that scarce anymore, much of its perceived value will decrease. I think also there may be new use cases for gold in the future that wouldn't be strictly financial. Somehow, the younger generation aren't that keen on acquiring gold, especially from an investment sense.
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I would use the term, "aggregately..." "Collectively" implies a collector - and the collector controls the collection...
Anyway, You might be interested in My comment here. It points out how artificial Humanity's view of things is now.
Nice, that's another way of putting it. Collectively in this context meant "as a whole".
Right, our view of things have shifted dramatically since the advent of the digital age. Sometimes, I wonder how real or true were our ways of viewing things in the not so distant past.
I grasped the usage. It's just My pet peeve to see "collective" anything. Aggregately is many Individuals bound by the cement of common goal/vision. All good.
Speaking of how things were in the past...
Blueberry Blessing (article): https://peakd.com/informationwar/@amaterasusolar/blueberry-blessing
I figured after reading your post about quantifying wealth! Great way to put it :)
🙏 💜 🙏
Well, it is a combination of the realization that it is not so scarce, and that bitcoin is here to stay. Bitcoin = mathematical scarcity.
And the price of gold has been suppressed for so long, that most gold bugs just held it forever, and it barely kept up with inflation. It has been soooo long since gold was actually active.