Return_of_Chippy@lemmy.world to memes@lemmy.world · 2 months agoTerribly performing memecoinlemmy.worldimagemessage-square119linkfedilinkarrow-up11.3Karrow-down114
arrow-up11.28Karrow-down1imageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 2 months agomessage-square119linkfedilink
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
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