Historically gold has been used as money. The value they had was the social acceptance behind them as a means of easing transactions. So wouldn’t mining more of it add more into circulation and lead to inflation (And with it a lower value of it’s value) back in those times? What gives?
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They got richer by making everyone else poorer. Mining 1 gold piece is equivalent to taxing everyone for a total value of that 1 gold piece. So if there are 100,000 people around, each of them becomes, 1/100,000th of a gold piece poorer, but the owner of the mine gets 1 gold piece.
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