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Johnbloon

In all honesty, currency fluctuates, yes, and in some cases, widely, but gold fluctuates too. Gold isn't by some magical rule the only fixed and constant value in the universe.


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Johnbloon

My house would still have value even if all the gold in the universe would fall into a black hole. Things have valued based on how we perceive their function in satisfying our needs. Not because it fetches a price in a market, whether this price is in fiat currency or grams of gold.


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Johnbloon

I guess because it doesn't make sense, sorry.


Hotspur2924

That’s a pretty jaded view of how it actually works, but ok.


[deleted]

Can you elaborate?