2 ms·
> It's value has stayed normal for thousands of years - although in times of inflation or crisis it might become a little overvalued temporarily as people flee
by qwytw 1y ago
> It's value has stayed normal for thousands of years - although in times of inflation or crisis it might become a little overvalued temporarily as people flee to its safety
That hasn't been the case after the Dollar and all other currencies were unpegged from gold. Adjusted by inflation it has been a very volatile asset in the last 50 years:
https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_price_in_USD.png https://upload.wikimedia.org/wikipedia/commons/e/e3/Gold_pri...