Comment: Let's get simple: How do fiat currencies always end?

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SteveMT's picture

Let's get simple: How do fiat currencies always end?

Not sometimes, not maybe, not if. How do all fiat currency systems end?

You say that there is no best asset to invest in?" If not a best asset, what group of assets do you favor these days? Are you investing in Zimbabwe these days or Greek bonds? They have a 1,000% return in one year. Or there are CDs, treasuries, or just staying with paper in a savings account. What do you like?

You are right. Gold does not go up against "real" commodities like oil. The key word is real. However, gold does rise against fiat anything over time. It is total predictable.

Observations and experiments that are repeatable and reproducible allow for generalizations to be made, and from them theories, and from them laws. We can agree on that I hope.