[Flick Lives]

Over the long term. an ounce of gold today pretty much buys what an ounce of gold did 50 years ago, 100 years ago, 1,000 years ago, etc.

That would be the very definition of a good currency; as opposed to fiat currencies such as the dollar which drops half its value about every 10 years.

[blam]

Ping.

[wrench]

“That would be the very definition of a good currency; as opposed to fiat currencies such as the dollar which drops half its value about every 10 years. “

But politicians can not manipulate hard currency like they can fiat currencies.

They like spending dollars and repaying with dimes.