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<p>[QUOTE=&quot;Tejas, post: 7835323, member: 84905&quot;]True, gold supply grows at a stable rate of around 2% per year. If your economy is growing faster than this, prices will fall, i.e. the purchasing power of money will rise over time, rewarding thrifty savers and punishing prodigal borrowers and putting very high demands on any investment project. </p><p><br /></p><p>Unfortunately, politicians of all eras wished to wage wars (the prime reason for going off the gold standard) or finance huge social and industrial projects, often involving the catastrophic overuse of the environmental resources. Gold is like a natural brake on the folly of men, but men has of course always found ways to loosen that brake.[/QUOTE]</p><p><br /></p>

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