Sources: OC Register, CNN Money
quote: Actually precious metal currency have much less volatility. Their worth depends on production, offer and demand.
quote: Money IS debt. If you have a dollar, somebody owes you a dollar's worth of goods/labor in the future.
quote: It's just a bunch of people passing real currency between each other, hoping to rip someone else off.
quote: Bitcoins fluctuate in value 1000x as fast.
quote: Only reason gold/silver are volitile at the moment is speculation. People speculate in gold and silver because they think it will appreciate in value faster then say cash, regardless of what happens to supply and demand for the actual metals. Doesn't change anything about the volitilaty of the commodity, just the price.