That means that if halted gold mining today, it would take us 65 years to consume the existing stock. That is the significance of the stock to flow ratio.
It doesn’t get any more important than that.
Stock to flow gold. Diese rate gibt das verhältnis zwischen der weltweit jährlichen goldproduktion (flow) zur vorhandenen weltweiten goldmenge (stock) an. A range of $8 trillion is not very indicative of explanatory power and lends. Money is the generally accepted medium of exchange, because it is the most liquid good.
This page is inspired by medium article modeling bitcoin's value with scarcity written by twitter user planb. Stock is the total size of the existing stockpiles or reserves of the asset, while flow signifies the yearly production. Bitcoin has been referred to as digital gold.
The world gold council depicts that around 190,000 tons of gold is been mined. So, once we calculate the correct ratio for u.s. This amount is the stock.
The higher the number, the higher the value. The total amount of gold amounts to approximately 177,000 tons. Mit einem wert von 65 ist gold im verhältnis zu anderen rohstoffen spitzenreiter.
Bitcoin has a current stock of 18 million and an annual flow of 0.7 million. If that were true, gold and silver prices, relative to each other, would. The capped amount at 21 million, coupled with the regular halving of its emission, leads to an increasing scarcity of supply.
Housing, we can just plug it in and see how well housing market cap is predicted. The stock to flow will climb to 52, which is much closer to gold. We have 200,000 tons of gold (the stock), and we mine about 3,000 tons of new gold annually.
There are currently 185,000 metric tons of gold in the world. Gold vs bitcoin stock to flow model live chart. Ludwig von mises always held the opinion that gold is a good like any other.
In these terms, it will come closer to gold (xau) with its very high s2f of 62. Market value = exp(12.7598) * stock/flow ratio ^ 4.1167. This model works for most commodities that are ‘consumed’ (crude oil, wheat, etc.), but is useless to understand the value of those commodities used for investment purposes.
Stock to flow refers to the outstanding supply of a commodity (stock) when measured against how quickly new supply of that commodity enters the market. This amount is the flow. Die folgende abbildung zeigt wie viele jahre gold gefördert werden müsste um auf die jetzige weltweite menge an gold zu kommen.
As block rewards decrease, the ratio is only driven higher, increasing the monetary use functionality of bitcoin, and driving more to be used as an sov asset. Detailed cash flow statements for gold royalty stock (groy), including operating cash flow, capex and free cash flow. Gold’s market capitalization held valuations between ~$60 billion to ~$9 trillion, all at the same sf value of 60.
Gold has a stock to flow ratio, with the consequent stability of value, sufficient to ensure that it will forever remain the only money. Since the data points are indexed in time. It differs only in terms of one important characteristic:
The annual supply of gold or how much gold is mined every year in the world equals 3,000 metric tons. This is based on bitcoin (like gold) having an intrinsic value due to its scarcity of supply. For store of value (sov) commodities like gold, platinum, or silver, a high ratio indicates that they are mostly not consumed in industrial applications.
Saunders about levels of inflation in ethereum (eth) in the serenity epoch. The original btc s2f model is a formula based on monthly s 2 f and price data. The stock to flow ratio underpins the whole theory of gold as money;
For store of value (sov) commodities like gold, platinum, or silver, a high ratio indicates that they are mostly not consumed in industrial applications. To understand the model easily, let’s consider an example of gold.