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I don't see how the gold mining business is fundamentally different than any other business. If the government went into the gold mining business, wouldn't that be essentially the same as if they went into the hamburger business?
It seems to me the government isn't in the mining business for same reason it's not in the hamburger business - it's not DESIGNED to be a business. A business isn't organized such that it argues with itself for months over whether or not to bankrupt itself by taking on debt equal to ten times it's revenue. A business doesn't take ten years to install new desktop computers after ordering them. A business doesn't estimate a project at $10 million, then spend $80 million and still not finish the project.
If government sold burgers, they would cost $42, be frozen for six months before they were sold, and require proof of income to get the value meal. Maybe FEMA could run it. If government mined gold, they would first spend $100 billion on studies analyzing the possible effects of mining $100 million in gold
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