4 ms·
There's a big difference between the two. Gold's price (in a free market, which unfortunately we don't have anymore) is an agreement of market forces-- supply
by MCRed 11y ago
There's a big difference between the two.
Gold's price (in a free market, which unfortunately we don't have anymore) is an agreement of market forces-- supply and demand.
The Dollar's price comes from government use of force to make people use it. (this includes internationally.)
If you'd like to get an opinion from a good economist check out: http://mises.org/money.asp http://mises.org/money.asp