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> it's not backed by anything of real, unchanging value. Are you actually arguing that gold's value does not change? Also, what are you using to measure the "

• willurd 14y ago
  "what are you using to measure the "volatility" you claim fiat money has so much of" Inflation. And 'unchanging' wasn't the best choice of words, but my point is that gold is not subject to the whims of monetary policy makers because you can't create more gold. Gold's value only changes when more gold is discovered.