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<p>[QUOTE=&quot;mikem2000, post: 1725157, member: 30574&quot;]Of course, you probably know that none of us on this board, or at least not recently recommends holding fiat dollars. They are not designed to preserve weath and they do inflate. Luckily we have other vehicles to preserve and grow wealth. Where we may disagree is you might think this is a bad thing that dollars inflate. The fact is that the money supply needs to expand. Under the gold standard, the money supply also needed to expand but it was limited on how fast it could be dug, which may sound good to some, but actually had negative effects as the economy could not expand and had to &quot;wait for the money to catch up&quot;. This caused a lot of hardship.</p><p><br /></p><p>Mike[/QUOTE]</p><p><br /></p>

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