[Paladin2]

Supply and demand seem to effect the price [value] of gold.

[Dr. Sivana]

Supply and demand seem to effect the price [value] of gold.

It does, but the wild fluctuations (as in the later '70s) had more to do with the perception of a falling dollar. Supply is relatively stable, excepting only extraordinary events like Spain collecting large amounts of gold in a short period of time in the New World.

When the U.S. Currency was backed by gold, the fluctuation was much less.