Return_of_Chippy@lemmy.world to memes@lemmy.world · 1 month agoTerribly performing memecoinlemmy.worldimagemessage-square134fedilinkarrow-up11.36Karrow-down114cross-posted to: lemmyshitpost@lemmy.world
arrow-up11.35Karrow-down1imageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 1 month agomessage-square134fedilinkcross-posted to: lemmyshitpost@lemmy.world
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·1 month agoNot 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-up1·1 month agoOh, so it’s a speculative asset with the only special property being that nobody can really inflate it
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