Return_of_Chippy@lemmy.world to memes@lemmy.world · 2 months agoTerribly performing memecoinlemmy.worldimagemessage-square132linkfedilinkarrow-up11.37Karrow-down116cross-posted to: [email protected]
arrow-up11.35Karrow-down1imageTerribly performing memecoinlemmy.worldReturn_of_Chippy@lemmy.world to memes@lemmy.world · 2 months agomessage-square132linkfedilinkcross-posted to: [email protected]
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