[quote=walterwhite]The odds of a giant goldmine being found are substantially less than that the fed will continue to print money.[/quote]

It depends on what you mean by a gold mine. The vault of GLD should count too.

Also consider that just the output of all gold mines currently in operation increases the amount of above-ground gold (in essence, debasing the value of gold) at a rate of about 1.5%/year, if you go off the 165,000 ton figure for “all gold ever mined since the dawn of humanity”. If you compare 2500 tons/year against just the gold held in official reserves (30,000 tons) and private investment funds (2,000 tons), gold is being debased faster than the dollar.