3 ms·

Gold went up a lot though

• consp 3y ago
  So gold has hyperinflated? Maybe I understood the buy gold because of inflation all wrong and it was just a marketing gimick to ramp up the price.
  • logicchains 3y ago
    >So gold has hyperinflated The price of gold going up is the opposite of inflation. Hyper-inflation is when the "price" (value) of a currency massively decreases, not increases.
    • dragonelite 3y ago
      It's the same thing as people celebrating inflation went back to 7% over here in Europe. Then i have to remind them the Euro still lost 7% of its value. If the Euro worth increased they would have used deflation and not inflation. At least that was in my high school economics 101 classes.
• Aunche 3y ago
  Gold went up a lot while it was illegal for people own significant quantities of gold. After that, gold on average has barely kept up with inflation.