The Supply of Gold and Silver Isn't Going Anywhere

deflation is not an economic problem, as we've seen. It's a political problem in that those parties that expect to be hurt by it seek to use the machinery of government and central banking to prevent it or at least mitigate its effects. The supply of paper money fluctuates wildly in supply when compared to the relatively stable supply of gold and silver. All the gold and silver that have ever been mined is still available somewhere on the earth's surface. If that's your concern then hard money becomes all the more desirable.