Reply To: Jean Skirts on Dates

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#832587
BrainwasheD
Participant

Gold and silver haven’t been money since 1971. It’s a lot harder to inflate your way out of debt when it’s based on actual precious metal than fiat currency. The Eurozone is having a similar issue- the unified currency means individual countries like Italy and Greece can’t inflate their way out of the crushing debt load since the supply has to be coordinated with fiscally responsible countries like Germany, making their Eurozone membership less and less likely.

As a husband, I am actually happy for the gold mines. By increasing supply they lower the price. And when the gold price collapses due to oversupply and the usual bubble bursting, gold will get even cheaper.