"Fiat money is designed to depreciate" Yes, it is. And if something continues to depreciate over the long term it will gradually approach zero.
"but it still isn't worthless, is it?" I didn't say it was, did I?
"they can't get their head around inflation." Goldbugs understand inflation very well. Inflation is simply devaluation looked at from the opposite direction.
Below is my original comment. You have now admitted that 1) and 2) are correct. 3) is simple maths.
1) Skol, as you know and admit, fiat currencies decline in value over time. 2) This is a feature which is known and accepted by central banks and governments. 3) If something declines in value over time, in the long run, its value will approach zero. 4) The gold bugs claim this is going to happen imminently, you like to imply that it will never happen.
