4 ms·
> Gold is four times as expensive today as it was at this time in 2015 easy to explain. Gold has a supply constraint. More demand causes prices to rise. When y
by ekianjo 10mo ago
> Gold is four times as expensive today as it was at this time in 2015
easy to explain. Gold has a supply constraint. More demand causes prices to rise. When you have a currency following a heavy inflationary trend, people buy Gold, so the price of Gold goes up.
- ajross 10mo agoPeople buying gold speculatively as an inflation hedge is exactly the opposite of gold being a source of stable value, though. Gold is "inflating" far, far faster than currency (edit to clarify: far faster than currency-valued goods; gold "interpreted as" a currency is deflating catastrophically), you just pointed it out! There are a shocking number of gold-happy nerds on this site who are going to be shocked and horrified the next time it crashes (which is has, and will again). The nonsense the largely-partisan smarter-than-thou media you're watching is feeding you is nonsense, and at some point you're going to discover that via great suffering.