Posted by bjb in Tx from Ne on December 11, 2018 at 12:54:52 from (147.1.235.116):
In Reply to: A queston for John T posted by Donald Lehman on December 11, 2018 at 12:14:17:
Not necessarily, since gold is a commodity and not the currency standard anymore, gold is also subject to supply and demand. Since the value of a dollar is measured in buying power (gold, land, food, etc), in your example if a Hamburger costs $1 when gold was $600 and $1.10 when gold was $1000, your buying power for gold decreased more than your buying power for hamburgers. Since gold has to yield to supply and demand, purchasing it is no "safer" than any other investment, and possibly even more riskier due to the higher fluctuations of the prices.
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