>they both use open-loop policies that lead to massive volatility Is that really the (only) reason that there is a massive volatility? Why isn't gold more vol

>they both use open-loop policies that lead to massive volatility Is that really the (only) reason that there is a massive volatility? Why isn't gold more volatile than it is then? I'd say that another reason for massive volatility is the newness of everything and the consequent lack of confidence that something about the system (technical or otherwise) won't break down in time.