you make these points
1. used to be a currency
2. stable resource
which have helped me understand that
1. dollars used to be tied to gold. now USA is making more dollars, thereby devaluing dollars relative to everything including gold.
2. the supply of gold is relatively fixed compared to the supply of dollars these days
which have helped me understand that 1. dollars used to be tied to gold. now USA is making more dollars, thereby devaluing dollars relative to everything including gold.
2. the supply of gold is relatively fixed compared to the supply of dollars these days