• @[email protected]
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      -14 days ago

      Now compare that graph to a graph of the circulating us money supply.

      Your reading comprehension isnt too good is it?

      Also if we found a large amount of gold the price would go down, but by all accounts the price of gold has increased 7500% in the last 53 years

      You see that first spike right at 1980, what happened from 1979 to 1981? The us mint ramped up money printing and by 1981 the usa had printed its first one trillion dollars into circulation and now we print one trillion every 3-4 months. Thanks for proving my point with data though.

      • Flying SquidOP
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        14 days ago

        Insulting me doesn’t change the fact that you claimed it is limited when it clearly isn’t.

        by all accounts the price of gold has increased 7500% in the last 53 years

        See? Not limited.

        • @[email protected]
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          04 days ago

          I was saying its fluctuation based on supply and demand changes is limited. That 7500% is primarily If not all driven by money printing madness and the subsequent increase in circulating currency supply. Nine of it was because the demand for gold increased or we figured out new technological chemical or industrial applications for gold.

          Now do you get what i meant by that?