Return_of_Chippy@lemmy.world to memes@lemmy.world · 21 hours agoTerribly performing memecoinlemmy.worldimagemessage-square91fedilinkarrow-up11.09K
arrow-up11.09KimageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 21 hours agomessage-square91fedilink
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up1·6 hours agoI thought gold was immune to all this because there was a more less fixed amount
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up2·4 hours 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-up1·37 minutes agoOh, 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