[VikingCoder]

To people who love gold, I always want to ask what you think should happen if Elon Musk claims a meteor one of his robot ships landed on, that's got 1000 times more gold inside it than there is gold on Earth.

What do you think should happen?

[MichaelZuo]

Why should anyone respond and speculate based on a hastily written hypothetical? You need to put in some genuine writing effort for folks to take it seriously.

Offer some substantial, falsifiable, claims/arguments/etc.

[VikingCoder]

If someone wants the world economy to be based on a commodity such as the metallic ore gold, then I wonder what they think would happen to the world economy, and more importantly all of the people in it, if all of a sudden, the world supply of the metallic ore gold went up by three orders of magnitude, all owned by literally one person.

Do they think people would continue to use the metallic ore gold as their currency, and they would just accept the insane inflation? And the fact that 99.9% of the world's wealth is now concentrated in the hands of one person?

Or do they think we would rapidly switch to a different commodity as our currency?

Also, why should anyone respond? Because they think the topic is interesting. I thought that would be clear. If you cannot imagine the nightmare scenario and you need "genuine writing effort" for you to imagine it, then it sounds like you don't think the topic is interesting. Maybe just let other people hash it out.

[MichaelZuo]

You might as well ask folks to speculate what if a pulsar by happenstance sends out a gamma ray burst that ends all life on Earth, what then?, etc...

It doesn't add any value to the discussion to speculate on such remote possibilities far into the future.

[ben_w]

This kind of thing is why we stopped using the gold standard.

On the other hand, BTC prices changes are so wild that it makes gold seem like a constant-value asset.