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I hate how true this is.
(lemmy.world)
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this post was submitted on 02 Jan 2025
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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/