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50 sats \ 0 replies \ @Undisciplined 3 Dec \ parent \ on: $1 in 1870=4 cents now econ
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.