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42 sats \ 4 replies \ @88b0c423eb OP 11h \ parent \ on: If gold is a good metric then the dollar and fiat currencies may be dying faster econ
Yes, I agree but the propaganda is that it's scarce and we're using too much of it.
It is scarce. That doesn't mean it's a great store of value asset and it doesn't mean it can't get less expensive over time.
Production technology has improved, new reserves have been found, and substitutes have improved. All of those put downward pressure on the price.
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My point is it's getting cheaper in dollars terms and the dollars are much easier to create than oil.
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Perhaps there's a constraint on dollar production that you aren't considering
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Maybe that's the case, while at the same time actors selling dollar and dollar bonds while buying gold
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