That is misleading ourlady.
Doc has noticed the proliferation of $ loses its value, its lost xx% etc ect.
It disregards the notion that 'money' is put to work - either used for consumption in the moment, in which case a $ is a $1. Or it is invested in a defensive bank account in which case it increases its value through interest, or it is invested in more risky assets, in which case it has probably multiplied many times.
It is a sound argument to say that gold holds its value because it has too for a supply to be maintained. Gold miners are subject to inflationary pressure and therefore their costs of production rise each year. If margin is not maintained they go broke and there is no new supply of gold.
Therefore gold price is a function of maintaining a supply, nothing more.
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