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I don't understand why using gold makes any sense. For people saving for education, I can see why adjusting for tuition makes sense. For people in Europe, I c
by roundsquare 17y ago
I don't understand why using gold makes any sense. For people saving for education, I can see why adjusting for tuition makes sense. For people in Europe, I can see why adjusting to the Euro makes sense. But gold isn't something anyone uses on a large scale basis (in the US anyway...). Unless someone is in the jewelery business, I can't see the purpose. In general, you would want to adjust to whatever you are using money for, which is what inflation attempts to do.