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This is a very crude way to discuss. If you'd read Rothbard you will see he never talks about some fiat-currency but gold ounces and that even those earn their interest. That it's not so with current gold is simply because gold is calculated in whatever fiat-money you can think of. And you do...
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Well our German politicians claim that the speculants are the reason for the turmoils around the EUR. Now let us see whether they may be right or wrong. Let us assume the following situation interest rate at 10%, time-frame 1 year (to avoid compounded interest) Now let us assume the probability on not...