We know now that you can’t turn “base metals” into gold through chemical processes, but if you could, gold would no longer be scarce and therefore no more valuable than the base metals.
We know now that you can’t turn “base metals” into gold through chemical processes, but if you could, gold would no longer be scarce and therefore no more valuable than the base metals.
Why? They make diamonds in the lab.
Supply and demand, if you increase supply the price drops.
*DeBeers has entered the chat*
The example I gave you is the exact opposite of what you’re saying
No, it isn’t. The price of diamonds is declining as well. it’s supply and demand.