4 ms·
I'm pretty sure giving everyone 1kg of gold would just devalue gold, not devalue their other possessions (unless those possessions could be made much cheaper wi
by GhostVII 7y ago
I'm pretty sure giving everyone 1kg of gold would just devalue gold, not devalue their other possessions (unless those possessions could be made much cheaper with gold).
- Gibbon1 7y agoThere is a story about one of the worlds richest man Mansa Musa making a pilgrimage to Mecca and handing out so much gold that he devalued it for about 10 years. And supposedly the Spanish plunder of the new world devalued both gold and silver for centuries. Also remember people saying that in the early 1980's cocaine was essentially worthless in Bimini because it was being used as a staging point in the drug trade.