>*Silver and gold has fixed supplies, unlike fiat currencies.* It can be counter... | Hacker News

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aguyfromnb on March 18, 2020 | parent | context | favorite | on: The Longest Record Broken: Gold/Silver Ratio Hits ...

>Silver and gold has fixed supplies, unlike fiat currencies.

It can be counterfeited or debased. Will you carry around a scale and testing supplies?

Symmetry on March 18, 2020 [–]

And historically the amount mined somewhat depended on the price so, as with fiat currency, there was at least some feedback mechanism on the price. Though if you discover a new source it can be bad, see the price revolution[1].

[1]https://en.wikipedia.org/wiki/Price_revolution

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