Very interesting post @maneco64. Gold is a tangible asset which is finite in quantity. It actual practical use in itself. This indicates that gold can hold its value. Fiat money is physically worth next to nothing. It relies on faith. Why would anyone want their debt settled with potentially something worth nothing?

The central banks churn out so much paper that inflation will eventually completely erode the value of paper fiat money. The price of gold will also eventually adjust accordingly, it can't be kept down forever.

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