GodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 3 days agoCapitalism ends povertylemmy.worldimagemessage-square79fedilinkarrow-up11.06Karrow-down112
arrow-up11.05Karrow-down1imageCapitalism ends povertylemmy.worldGodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 3 days agomessage-square79fedilink
minus-squareoo1@lemmings.worldlinkfedilinkEnglisharrow-up7arrow-down1·2 days agoI don’t get it. If you have a pile of gold and there are no other people involved, how does its value change?
minus-squarejumping_redditor@sh.itjust.workslinkfedilinkarrow-up1·2 days agothe supply of gold is relatively unchanging (new mines are rarely built) but the demand increases
minus-squareoo1@lemmings.worldlinkfedilinkEnglisharrow-up3arrow-down2·2 days agoOK. So more people are buying it and they are paying more. How can they afford to do this?
I don’t get it. If you have a pile of gold and there are no other people involved, how does its value change?
the supply of gold is relatively unchanging (new mines are rarely built) but the demand increases
OK. So more people are buying it and they are paying more. How can they afford to do this?