C2, the miners made money, mining for gold and selling it. The explorers not so much. The suppliers made some. Suspect once all tallied up, the buyers of gold made some money as well.
Am guessing -
Miners made 25% of total economic profit from the gold rush, but spent it over time prospecting for more, or on liquor, women and gambling, essentially all the same ‘thing’ :0)
Equipment and consumable suppliers made 25%
Daily necessities/l / food, lawyers / accountants / politicians 25%
And government took 25%
Above accounts for 100% of the economic revenue / profit of gold rush
However, a big ‘however’, the buyers of the gold likely made money, and depending on holding period, could have been a lot of money.
In the case of bitcoins and Tesla, the math is simple, and that be ...
 |
