Return_of_Chippy@lemmy.world to memes@lemmy.world · 2 months agoTerribly performing memecoinlemmy.worldimagemessage-square132linkfedilinkarrow-up11.37Karrow-down114
arrow-up11.35Karrow-down1imageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 2 months agomessage-square132linkfedilink
minus-squareSubArcticTundra@lemmy.mllinkfedilinkarrow-up1·2 months agoI thought gold was immune to all this because there was a more less fixed amount
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·2 months 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-up1·2 months 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