Return_of_Chippy@lemmy.world to memes@lemmy.world · 24 hours agoTerribly performing memecoinlemmy.worldimagemessage-square108linkfedilinkarrow-up11.17Karrow-down112
arrow-up11.16Karrow-down1imageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 24 hours agomessage-square108linkfedilink
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up2arrow-down1·7 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-up1·3 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