GOLD 0.51% $1,391.7 gold futures

"I'm also not sure about the second part ie that's what most...

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    "I'm also not sure about the second part ie that's what most people want ?
    Where does that come from/who says ? I certainly don't."

    When fiat currency declines in value that is bad for savers who have cash, but it's good for borrowers who have debt. Most people have more debt (mortgages, car loans, credit-card debt) than cash. And people who do have surplus cash usually invest it in things like property, shares or gold.

    So, if you have debt then currency devaluation will make that debt smaller in real-terms.
    If you have investments, like property, shares or gold, currency devaluation will make those investments more valuable at least in nominal terms.

    Inflation, or currency devaluation, also helps the economy by encouraging people to spend money.
 
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