Return_of_Chippy to memes · 1 day agoTerribly performing memecoinimagemessage-square114linkfedilinkarrow-up11.24Karrow-down113cross-posted to: lemmyshitpost[email protected]
arrow-up11.23Karrow-down1imageTerribly performing memecoinReturn_of_Chippy to memes · 1 day agomessage-square114linkfedilinkcross-posted to: lemmyshitpost[email protected]
minus-squareblarghlylinkfedilinkEnglisharrow-up2arrow-down1·11 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-up1·7 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