Return_of_Chippy@lemmy.world to memes@lemmy.world · 5 天前Terribly performing memecoinlemmy.worldimagemessage-square126fedilinkarrow-up11.34Karrow-down114cross-posted to: lemmyshitpost@lemmy.world
arrow-up11.32Karrow-down1imageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 5 天前message-square126fedilinkcross-posted to: lemmyshitpost@lemmy.world
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up1·5 天前I thought gold was immune to all this because there was a more less fixed amount
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·5 天前Not how economics works. The price of gold fluxuates wildly because demand for it fluxuates wildly, because people keep gambling on the value of gold.
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up1·4 天前Oh, so it’s a speculative asset with the only special property being that nobody can really inflate it
I thought gold was immune to all this because there was a more less fixed amount
Not how economics works. The price of gold fluxuates wildly because demand for it fluxuates wildly, because people keep gambling on the value of gold.
Oh, so it’s a speculative asset with the only special property being that nobody can really inflate it