alt Hacker NewsGold has always been stable, because it is physically limited.
It is the fiat currency debasement via unlimited money printing that makes the gold chart go up.
Imagine being in Zimbabwe or Weimar Germany and watching your stock portfolio and gold going up...
> Gold has always been stable, because it is physically limited.
Incorrect. Physical scarcity matters, but it’s not the main driver. Gold’s price is far more sensitive to interest rates, dollar strength, sentiment and fear, speculative flows.
The stability it’s historically shown was mostly the result of fixed monetary systems, and those are long gone.