It’s fair to note the offsetting factors but being subject to such fundamental changes in demand makes it suspect as a steady measure of value.
Gold has basically just been valued as a store of value the whole time and it actually helps that it wasn’t heavily used in exchange because that didn’t change radically.
It’s fair to note the offsetting factors but being subject to such fundamental changes in demand makes it suspect as a steady measure of value.
Gold has basically just been valued as a store of value the whole time and it actually helps that it wasn’t heavily used in exchange because that didn’t change radically.