Chris Olson

Really?

Oh, yeah.

Absolutely.

We've bought many, many times we've had packages come in from other dealers or from other customers that are melted gold or silver coins.

And that's...

Oh, it's certainly possible.

Pretty much all of the gold in circulation remains in circulation.

So there's always new gold being mined and added to the supply, and that's about 1% to 2% per year of the total supply.

Yeah.

So gold inflation is 1% to 2%.

Right.

Very manageable.

But typically, gold is not lost, unlike silver.

Silver is used in industry, and silver is typically not worth recovering through recycling in a lot of cases.

And it's used in electronic components, photovoltaic cells for solar, that type of thing.

So it's an industrial use metal.

Gold is also used industrially, but typically it's going to be worth it to recycle it and recover it.

And so most of the gold that's ever been mined in human history is still with us today.

And so, yeah, you very well could have some of the molecules in your gold bar or coin could have been in the second temple or who knows where.

Interesting.