/biz/ - Business & Finance

>>1486242
The argument "there's not enough of gold in existence to work as a currency in the event of a dollar collapse" is faulty. Basically what happens, is that the finite amount becomes worth more and not less, therefore, smaller amounts get traded. Just like when you run out of dollar bills, you go looking for change. It doesn't mean that it stops getting traded altogether. In fact, the very fact that there is a limited amount of gold in circulation and on the planet is what gives it value, accountability, and confidence. It's not produced from Yellen's fairy wand. Hard commodities that are inherent, limited or finite will do quite well when people get over the Fed / Yellen the Mathemagician.