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The Water Cooler
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<blockquote data-quote="JR777" data-source="post: 3582638" data-attributes="member: 45725"><p>The value of gold hasn't changed in thousands of years because it will always be worth almost exactly what it costs to mine it, plus the wages for the miners. So there's this inherent link between the value of gold as it relates to labor.</p><p></p><p>The value of currencies relative to gold change, and the value of goods and services change because of the availability of resources and new technology, but the fundamental value of gold hasn't really changed, when tracked over long periods of time.</p></blockquote><p></p>
[QUOTE="JR777, post: 3582638, member: 45725"] The value of gold hasn't changed in thousands of years because it will always be worth almost exactly what it costs to mine it, plus the wages for the miners. So there's this inherent link between the value of gold as it relates to labor. The value of currencies relative to gold change, and the value of goods and services change because of the availability of resources and new technology, but the fundamental value of gold hasn't really changed, when tracked over long periods of time. [/QUOTE]
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