Help me out here

[feny.blackpink]

So imagine I can make a copy of all the gold in the world and then sell it. Maybe not exactly the same but 99%. Perhaps a bit lighter or a little less golden in colour.

But in reality, this copy would be as near identical that it could be used in jewelry, electronics etc. Bit it wouldn't be gold.

Lets just call it new gold. Then I gave everyone who currently possed gold the same amount of new gold.

What would happen to the value of gold?

What do you think the value of new gold would be?

are you talking about fork in coins ? i think if gold can be copied, its value will drop someday
because copy means adding more supply to that. more supply = lower price.
but in crypto, you can see bitcoin. the value has not drop when forked.

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[TheGodson]

Thank you for your replies.

I am not smoking something as someone suggested. Yes, the post was an obvious comparison with bitcoin and its forks.

Now I know lots of you aren't fans of bitcoin cash but this copy of gold does more or less the same thing and has a market value of $21 billion. Like it or not its insane.

In effect gold was copied and didn't dilute the price of original gold.

What a mad world we live in.

Well, it most certainly has diluted the price of Bitcoin. There are some people entering the crypto space who will be buying BCH instead of BTC. BTC + all the forks is what Bitcoin's price probably would be at if no forks existed. It may be a bit more though, because some people think they are "diversified". In reality, if you are in the crypto space there isn't too much diversification since it is entirely its own sector.

[gesdan]

it seems like the fake money, the people that know about the gold will say that was a fake, because as good as the imitation gold I think people that knows about gold will know about it, and maybe it will make the owner of gold will afraid of their gold, I think the price of real gold is okay if there are fake gold in the public

[Nezerlan]

So imagine I can make a copy of all the gold in the world and then sell it. Maybe not exactly the same but 99%. Perhaps a bit lighter or a little less golden in colour.

But in reality, this copy would be as near identical that it could be used in jewelry, electronics etc. Bit it wouldn't be gold.

Lets just call it new gold. Then I gave everyone who currently possed gold the same amount of new gold.

What would happen to the value of gold?

What do you think the value of new gold would be?

I don't see this happening to be realistic but if it does eventually happen then expect a free fall in the value of gold. This is because the supply has gone up and so it becomes cheaper to sell it off since there are more people who have same amount of gold.

[anitaraymonds]

The value of the old gold will drop because the demand for it will also drop. The price of the new gold will be gradually going up because of the demand. This is just simple economics.

[emanjun]

So imagine I can make a copy of all the gold in the world and then sell it. Maybe not exactly the same but 99%. Perhaps a bit lighter or a little less golden in colour.

But in reality, this copy would be as near identical that it could be used in jewelry, electronics etc. Bit it wouldn't be gold.

Lets just call it new gold. Then I gave everyone who currently possed gold the same amount of new gold.

What would happen to the value of gold?

What do you think the value of new gold would be?

I think the value of gold would become lesser because there are a lot of gold. And I think the demand would increase because of its price.

[lonlonmarlon]

if you want to out here dont use your account her or do not remember your account just ignore the site or the link that's my opinion and my suggestion to help you to out here.

[masudginanjar]

whose imitation is still imitation.
whose duplicate name is still a duplicate.
whose name traces are still traced.

still the original price will be high in comparison with the imitation.

the same thing with Bitcoin and Bitcoin Cash, Bitcoin Cash is unlikely to match the price of Bitcoin.

[aiviaa485]

it's the same thing with Bitcoin and Bitcoin Cash. Still, Bitcoin Cash will not match the price of Bitcoin, because Bitcoin itself is its king of Cryptocurrency.

if the gold is new found and its color a little faded, then I make sure the new gold found it can not match the old gold price.