839
I hate how true this is.
(lemmy.world)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 02 Jan 2025
839 points (98.9% liked)
Political Memes
5666 readers
2542 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 2 years ago
MODERATORS
Sure doesn't look limited to me.
https://tradingeconomics.com/commodity/gold
Now compare that graph to a graph of the circulating us money supply.
Your reading comprehension isnt too good is it?
Also if we found a large amount of gold the price would go down, but by all accounts the price of gold has increased 7500% in the last 53 years
You see that first spike right at 1980, what happened from 1979 to 1981? The us mint ramped up money printing and by 1981 the usa had printed its first one trillion dollars into circulation and now we print one trillion every 3-4 months. Thanks for proving my point with data though.
Insulting me doesn't change the fact that you claimed it is limited when it clearly isn't.
See? Not limited.
I was saying its fluctuation based on supply and demand changes is limited. That 7500% is primarily If not all driven by money printing madness and the subsequent increase in circulating currency supply. Nine of it was because the demand for gold increased or we figured out new technological chemical or industrial applications for gold.
Now do you get what i meant by that?
Sure. Please provide some evidence.
Note: a YouTube video or telling me to read an entire book is not credible evidence.
Expecting someone to read an entire book to see what your argument is would not be credible, no. And yet I've gotten that from people like yourself more than once.
Cool, then you can provide evidence for it and also evidence that the increase is caused solely by that factor. Go for it.
For example, this is evidence that you're wrong: https://blogs.cfainstitute.org/investor/2024/06/05/gold-and-inflation-an-unstable-relationship/