re: Can someone explain the pros and cons of gold?

quote:

---

Deficit spending, and the resulting inflation that is massively diluting the value of the Us Dollar ….. is entirely a political problem

---

Bingo. It's a policy position.

"we can't suggest higher taxes, they'll vote us out!"
"Wull, we have no choice - our spending far exceeds our revenue, we need more tax"
"OK, what if we kept taxes the same, revenue stays same, spending increases, and we pay the difference by printing the difference"
"That leads to inflation"
"So inflation is the tax that taxpayers cannot vote for or against?
"Yeah. Sweet deal, no?"