This is the best explanation so far. If you want to store value in non-inflationary asset you can purchase gold. But there is no guarantee that the value of gol

This is the best explanation so far. If you want to store value in non-inflationary asset you can purchase gold. But there is no guarantee that the value of gold against the fruit of other people’s labor will remain constant or increase over time. It doesn’t matter that the total amount of gold remains constant. If the world consists of gold hoarders who want to buy food but all they can offer is gold and one farmer who has food for sale then that one farmer can demand as much gold as the market is willing to pay for the scarce good food.