2 questions in Increases of Money to the State

Apr 14 (edited) • Economics

Gold and Silver prices have soared in the last 12 months. The US has huge swaths of land that could potentially be Gold producing. My question is: Does Gold production work like Lumber in that rising prices cause new mills (mines in this case) to open? If so, wouldnt that lead to the US being a Gold Producing nation and adding to its quantity of new money faster than the rest of the Western world as their share of the worlds money quantity (and their production) shrinks?

My other question was on the role of stablecoins that are almost entirely in US dollars at the moment. Let's say you run a business in a small country with its own currency like the Venezuelan Bolivar. Presuming you have good internet access, does the existence of stables apply Gresham's law to the local currencies? In my mind I was postulating whether USD stables act as competition for weaker, more volatile currencies (deposited in more corrupt and unstable banking systems) and actually create a lot more USD demand as the number of circulating currencies around the world shrink over the next few decades. I very much see stables as a means to export dollars without having foreign production imported, and that makes for an interesting future.

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