Quote:
Originally Posted by Thymeclock
The finding of a new cache of it (such as a productive new mine) would increase the supply, thus decreasing the scarcity. But the overall effect on the value of it would be relatively small in that any impact it might have on the world supply would be very slight.
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But this is not the world, remember. This is a small island with no contact with the outside world, so that a major new discovery does make a significant impact on the total amount of gold in the local economy.