Comment by ajross
18 hours ago
> Gold is considered to have relatively consistent value over time.
Uh... Gold has doubled in the last two years. Fast forward past the trade war and it'll likely crash again. Gold is far, far more volatile than currencies. More even than securities, and frankly even most commodities are more stable.
My grocery bill has doubled over roughly the same time period.
"Groceries" likewise make extremely poor metrics for "consistent value". Also "grocery bill" sounds like you're trying to sneak in an argument about inflation, and not value (gold inflates too!).
Also, too, no it hasn't, not remotely. Don't hyperbolize, it cheapens the discourse. Food CPI is about 1-2% higher than general CPI right now. (Or maybe you moved from CDMX to San Jose or something, likewise not a statement about value).