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Over enough time it is more stable than all fiat currencies. But most people don't care to consider that time scale.
by tmn 3y ago
Over enough time it is more stable than all fiat currencies. But most people don't care to consider that time scale.
- dragonwriter 3y agoIf you mean “the wide range in which the extremely unstable value of gold varies doesn't move very much over time, so that the value it had a 300 years ago today is likely to be repeated sometime within a 100 year window centered on today, whereas fiat currencies have a more consistent downward value trend”, that’s true, but its not value stability, or a good thing in a currency. Its not a particularly great thing in an investment asset either.