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[davis196]

I guess that OP is talking about gold certificates,not actual gold.
Printing more gold certificates will also create inflation,because it will lower the value of those gold certificates,since there will be a difference between the actual gold being mined and the growing amount of gold certificates.The increased quantity of an asset lowers it's value.This is what creates inflation.
If the quantity to actual gold being mined increases a lot,the value of the real gold will also drop.
The "concept" that printing more money creates inflation cannot be eliminated,because it has been proven multiple times in real life.You can't just "eliminate" a process,just because you don't like it.
You can't tell the people what to buy and when to buy it.It doesn't matter if it's gold or cryptocurrencies.

[kryptqnick]

The phrasing in the original post is indeed weird since, as others pointed out, gold is not printed. However, if we consider sudden discoveries of more gold, it's a real problem and it caused inflation before (see this famous story for more information). Such events don't happen as often as printing more fiat does, but they're possible, and thus gold isn't fully protected from inflation. As for cryptos, though, many are also without fixed supply, and it can be fairly easy to make some more at any point, especially if the coins doesn't have proof of work or proof of stake implemented. Only some are like Bitcoin, having mechanisms in place to ensure fixed total supply as well as limited circulating supply (halvings).

[Ucy]

It actually depends on what the printed money is used for. If you print alot of money to encourage production of things that are abundant in supply rather than for just consumption purposes (especially for consuming things that are not abundant in supply) you will likely not create inflation.
Gold is limited in supply, or better still, it is not abundant in supply unlike paper fiat currencies. You can't print alot of gold to affect the demand of goods and services .. And it's typically not used as currency

[Nhazwrath]

If printing more money is inflation then why printing more gold is not?

Why do people value gold more than money? If more gold is printed then it is not inflation but if more money is printed then how is this inflation? While both are of no use in real life, cryptocurrency is more valuable than gold because you cannot use gold for cross-border transactions. A billionaire may have billions of dollars worth of money, but he can still use a little gold for jewelry. The concept that printing more dollars creates inflation should be eliminated. If printing more dollars causes inflation then people should buy cryptocurrency instead of gold and if that happens then gold will be of no value. Once gold loses its value, a surge in currency will not lead to inflation, because then the value of cryptocurrency will exceed gold.

actually......   Gold is not printed but I get the point you are trying to make.   Gold is not terrible common thus is value.  gold Production is very stable and its rate barely moves much from year to year.  thus its stability its cost for production is also very stable thus is stability. 

I will use an example passed to me a few years ago.

imagine you are in ancient Rome and wanted a good set of clothes to be seen in at a party or whatnot.   The cost on average would be About 1 ounce of gold.    Travel to present day a Good suit will cost you About 1 ounce of gold.  So despite the vast movement of fiat currency. Currently the Perceived value of a excellent set of clothes is pretty much the same.   


the price fluctuation in gold is Mostly to do with the perception of the value of the fiat.  if you were to add a couple tons of gold magically to the supply then the price of gold would drop due to the Inflated amount of gold. 

say 10 years from now we are mining asteroids with 600 tons of gold and platinum then Suddenly the value of gold and platinum will start dropping as the material available becomes inflated.

[Gyfts]

I see a lot of people ridiculing OP but it's a fun thought experiment (I use this term loosely).

Gold, like Bitcoin, operates with supply and demand. So fundamental to Gold's price, is the total supply that is available. Part of that calculation includes mined gold, and unmined gold.

Interesting distinction to make though - we know the total supply of Bitcoin and presumably there will be some point in time where Bitcoins are mined. Gold, there is no determined or set supply that we can fully be aware of. So theoretically, if someone were to find some method in which gold mining were to be optimized involving low amounts of labor and high yield, theoretically you could think of that as "printing gold," just with a limited supply. And what happens when the supply outweighs demand? Prices fall.

The likelihood of this happening is zero of course, but just an interesting way to think about it.

[Kimonoe]

It actually depends on what the printed money is used for. If you print alot of money to encourage production of things that are abundant in supply rather than for just consumption purposes (especially for consuming things that are not abundant in supply) you will likely not create inflation.
Gold is limited in supply, or better still, it is not abundant in supply unlike paper fiat currencies. You can't print alot of gold to affect the demand of goods and services .. And it's typically not used as currency

but what is currently happening is the printing of money for production goods, because inflation continues to increase, and on the other hand, gold is also continuously mined, but remains a convincing investment tool. other than what you said, I think gold is offset by the increasing number of requests, so the price continues to increase

[justdimin]

If printing more money is inflation then why printing more gold is not?

Why do people value gold more than money? If more gold is printed then it is not inflation but if more money is printed then how is this inflation? While both are of no use in real life, cryptocurrency is more valuable than gold because you cannot use gold for cross-border transactions. A billionaire may have billions of dollars worth of money, but he can still use a little gold for jewelry. The concept that printing more dollars creates inflation should be eliminated. If printing more dollars causes inflation then people should buy cryptocurrency instead of gold and if that happens then gold will be of no value. Once gold loses its value, a surge in currency will not lead to inflation, because then the value of cryptocurrency will exceed gold.

Yes what you have asked is a really good question. That’s how the fiat system works, the governments are the ones who keeps devaluing fiat, and the more fiat they are printing means more inflation. As for gold, gold is really not something that you can be mining anytime and all the time like you would do printing of Fiat. So, it has more value because of the scarcity, it is not like other precious metals that can easily be found.

Another reason why the value increases is because there are always lot s of companies and people that are ready to buy gold either for investment purposes or for using it to manufacture/create other products you would see in the market. So there is a steady need for it, and that’s what increases the value, even if you mine more people are going to buy it off.