how do you imagine that the cost of gold on the open market and the cost of mining the marginal ounce*risk diverges?
The cost of mining gold and silver is obviously not the same.
The cost of mining gold and silver is obviously not the same.
Since silver is often the byproduct of mining gold, the energy price should be pretty close, I'd think...
Crypto-bros reinventing the (train-wreck of) labour theory of value is my favorite genre of HN comments.