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>A mine can deliver so much it deflates prices and drives itself out of business. Couldn't the owners just ...hoard the extra/throttle the delivery of the supe
by coldtea 2y ago
>A mine can deliver so much it deflates prices and drives itself out of business.
Couldn't the owners just ...hoard the extra/throttle the delivery of the supefluous amount to keep prices up?
- dflock 2y agoYes, but... storing stuff costs money, keeping a mine open and unflooded, etc... costs money, even if you're not doing any mining, etc... Also markets will adjust prices if they know about your stockpile, too.
- mwigdahl 2y agoDe Beers has entered the chat...
- permo-w 2y agothis is what OPEC does with oil