Return_of_Chippy@lemmy.world to memes@lemmy.world · 3 days agoTerribly performing memecoinlemmy.imagisphe.reimagemessage-square126linkfedilinkarrow-up11.32Karrow-down115cross-posted to: lemmyshitpost@lemmy.world
arrow-up11.31Karrow-down1imageTerribly performing memecoinlemmy.imagisphe.reReturn_of_Chippy@lemmy.world to memes@lemmy.world · 3 days agomessage-square126linkfedilinkcross-posted to: lemmyshitpost@lemmy.world
minus-squareblarghly@lemmy.worldlinkfedilinkEnglisharrow-up3arrow-down1·2 days 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 days 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