... come, macro, THEY always say that, without realizing that gold value can ALWAYS be upped so as to take care of the 'existing quantity of money' insufficiency, meaning gold savers get an effective market interest rate in the form of capital gain on gold in alignment with economic growth and nothing more, plus whatever interest rate they get in terms of contracted for gold loans (to be paid back in gold, of course, or other acceptable metal, say silver).
in such a schema, goods will become 'cheaper' over time in terms of ounces of gold, and that is a GOOD thing, because healthy 'deflation' is good, and the system can work, mathematically, and traditionally, without government fiat.
exercise your mind, and stop believing that a fraud of a monetary system can survive for long without zeros being added on periodic basis, and subtracted regularly when reset
ask yourself something, over the past 10 years, has the average amount of money you carry in wallet increased or decreased, and how much more stuff does the average wallet hoard really pay for?
I actually admire the fiat money system, and hope it will go on for a while longer, so that I can collect more gold. |
