It seems that the price of gold, adjusted for inflation, has been not exactly stable but subject to limited fluctuations until the gold has been some way a currency standard.
After the declaration of inconvertibility of the dollar (15/08/1971) gold behaves in a different wqay. This makes sense but, on the other side, is a point in favour of the theories of the French economist Jaques Rueff (1896-1978)
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Gianluca di Castri (IdeaConsult) 