Except that 'decoupling' the currency from gold was largely a con trick.
In times of financial stress the market returns to gold as it retains value whilst fiat currencies collapse.
The price of gold appears to slowly rise generally, but what you're actually seeing is the collective effect of inflation;
Gold remains the same whilst the currency reduces in value.
In times of financial stress the market returns to gold as it retains value whilst fiat currencies collapse.
The price of gold appears to slowly rise generally, but what you're actually seeing is the collective effect of inflation;
Gold remains the same whilst the currency reduces in value.
Quote:I don't understand why you'd come to a discussion forum, and then proceed to reap from visibility any voice that disagrees with you. If you're going to do that, why not just sit in front of a mirror and pat yourself on the back continuously?-Esquilax
Evolution - Adapt or be eaten.