[lolcraft]

Or, more likely, prices would get so low every foreign corporation would buy huge amounts of mineral to stock, thus plummeting your country's economy to the ground. Demand wouldn't increase significantly, so most companies would have a hard time surviving until their stocks could give profits, likely plummeting the rest of the world's economy, and all the related miners' rage and stuff.

As capitalism self-regulates only when economical actors seek profit, you can't expect an instantaneous recovery. Furthermore, as it is the standard of value, gold's regulation is at least reasonable. If you didn't regulate it, inflation would artificially rise worldwide.

[anamax]

> Or, more likely, prices would get so low every foreign corporation would buy huge amounts of mineral to stock

That didn't happen with oil production was unregulated, so why would it happen now?

> Furthermore, as it is the standard of value, gold's regulation is at least reasonable. If you didn't regulate it, inflation would artificially rise worldwide.

The above implies that gold prices are regulated. Please cite the relevant regulation. (Gold prices are regulated in some countries. If the regulated price is lower than the world price, those countries don't have any gold.)

Yes, gold production is regulated and constrained in many places, but the above claim is different.