Gold is money, paper is a promise.<quoted text>
What difference does it make. Gold is no longer recognized as money except that it can be traded for money on the open market, and it fetches a good price too.
Let me ask you a question - would you rather have an ounce of gold in your hands today or $782.10 current spot price for gold in cash?
How about an ounce of gold in your hand in a years time or that same $782 same time next year cash in hand?
If you chose the gold, you're agreeing with me that the VALUE of gold doesn't change but the amount of fiat dollars to purchase it does.
If you'd rather have the cash in hand next year, I wonder what you could buy with $782 then? That could be 3 supermarket trolleys of groceries by then.