but fiat issues can be solved through policy, if there is political will to follow through with the policy.

ya, seems they are poking their heads back in gaming now....

"I don't like walnuts."
"Ah that's a shame. I wish there were a common thing we both agreed to want."

well, there was no agreement to want gold

You can't stop money from existing, people will barter with laundry detergent

Cigarettes

Everyone agreed that someone wanted gold, and that gold was finite.

people buying a $300k property now... it'll be worth a mill in probably 10-15 years

no, nobody agreed with "everyone"

because wages will also be much higher

Everyone agrees that that are people who value gold quite a lot.

it's just the aggregate result of lots of people agreeing individually to trade something for gold

no, lots of people agree that they value gold a certain amount.

9_9 Ugh.

it is a crucial distinction

Talking past each other here.

There's no consensus regarding what gold is worth, the price fluxuates

I just realized something!

there are a lot of people who do not value gold right now

like people who are drowning

Maybe gold is famous for fluxuating in price LESS than other metlas but it still fluxuates

I wonder how many people are drowning right now.

drowning people tend to crash economies?

@Risotto Relative to what?

Well if enough people drown it can crash an economy

In theory

2591

ppl r drowning when u asked

so there we go

sure as hell ain't everyone agreeing on anything

gold prices is set by usage rate and the cost of mining it

Relative to any other commodity

yep

gold inflates too

i think we should use water as currency

we only have so much water

Yeah

I think we should use the sun.

fairly stable.

it's just that it's usually deflating faster than it's inflating.

Demand for gold can increase or decrease regardless of its scarcity