3 ms·
One other bonus: gold is mined, AFAIK, at a rate roughly comparable to the increase/production of value of everything else in society. Money is used to represen
by ctdonath 12y ago
One other bonus: gold is mined, AFAIK, at a rate roughly comparable to the increase/production of value of everything else in society. Money is used to represent units of value in society, and inflation helps when the increase in the money supply matches economic growth. The increase in gold seems about on par with world economic growth, as noted in the aphorism that an ounce of gold can always buy a good suit or a good handgun.