Return_of_Chippy@lemmy.world to memes@lemmy.world · 1 day agoTerribly performing memecoinlemmy.worldimagemessage-square113linkfedilinkarrow-up11.22Karrow-down114
arrow-up11.21Karrow-down1imageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 1 day agomessage-square113linkfedilink
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·9 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-up1·5 hours 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