Hacker News new | past | comments | ask | show | jobs | submit login

Fiat currency production is limited by political capital; specie money, on the other hand, is susceptible to random booms (mineral deposit discoveries) and deflation (when economies grow faster than the growth of money supply). And it's not like mineral prices are predictable enough to be an entirely safe store of value.



Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: