Chances are, inflation would make the gold more valuable than the paper dollars. I would have said the same thing in 1980 and I'd have been wrong. So what is your point? Is there inflation? Yes there is. Is gold a hedge against inflation? Sometimes.
Now, how about answering my question? Are you claiming that inflationary and deflationary swings have been more severe since we left the gold/silver standard?
Now, how about answering my question? Are you claiming that inflationary and deflationary swings have been more severe since we left the gold/silver standard?
Inflationary, yes, I haven't seen a deflation problem yet.
So after all you have said you still admit that you would consider the gold a better bet over a forty year period, interesting but not surprising.