RE: AGM 16th June16 Jun 2025 08:00
Last word on this:
Quoting Major: "...of course a FIAT currency is going to depreciate in a functioning capitalist model - inflation/growth will do that! If the system works assets will outperform currencies and increase in value when measured in currency!"
Also Major: "unfounded claims like “there is a general consensus that gold will continue to go up”. There isn’t. Agree that no one can predict future gold price movements."
Given that what is meant by "gold prices going up" is that the value as measured in some FIAT currency, usually USD, increases, then you are literally contradicting yourself. Only way to square the logic, and what I suspect you actually mean, is to add the caveat "in the short-term" or perhaps "at a rate greater than inflationary FIAT processes", to your second statement quoted above. Over the long-term, as you state, inflation will do it's thing, and that means that gold will go up, as measured in those currencies. So maybe there is a consensus after all, over the long-term (decades-to-centuries).