DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - What would the effect on the economy be if gold became abundant?

**alias** · 06-18-2008, 08:30 AM

Snoopy, all you are saying is that no currency is created or lost. Which is what I was saying.

The underlying value is lost though. It is a real loss of value. Just as much so as if any other asset depreciated in value. (Even though Gold prices don't always behave this way currently, since it is viewed more as a "constant" value. But that would obviously not be the case if it's inherent value was depreciated by limitless supply.)

06-18-2008, 08:30 AM	#25
alias Join Date Oct 2005 Age 76 Posts 397 Senior Member	Snoopy, all you are saying is that no currency is created or lost. Which is what I was saying. The underlying value is lost though. It is a real loss of value. Just as much so as if any other asset depreciated in value. (Even though Gold prices don't always behave this way currently, since it is viewed more as a "constant" value. But that would obviously not be the case if it's inherent value was depreciated by limitless supply.)
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