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And of course there's a war with Russia, which might try to destabilize the western economies and monetary system if that's possible.

Shouldn't the prices for those commodities be sky-high because everyone tries to hedge against inflation as well as the looming monetary crisis? Why isn't that the case?

And of course there's a war with Russia, which might try to destabilize the western economies and monetary system if that's possible. Shouldn't the prices for those commodities be sky-high because everyone tries to hedge against inflation as well as the looming monetary crisis? Why isn't that the case?

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[–] • 0 pt

Yeah sure and bread a year on is garbage. They both have value.

[–] [deleted] • 0 pt

Indeed, but it is relative. Gold tends to hold its value over time. However, there are long stretches of history when all the gold in the world was worthless to own.

[–] • 1 pt

I meant more that it's durable, whatever you end up using it for. Bread is more of a commodity that needs to be produced and consumed in a short period of time. So they're fundamentally different products.