GodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 20 days agoCapitalism ends povertylemmy.worldimagemessage-square81linkfedilinkarrow-up11.07K
arrow-up11.07KimageCapitalism ends povertylemmy.worldGodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 20 days agomessage-square81linkfedilink
minus-squareoo1@lemmings.worldlinkfedilinkEnglisharrow-up7·20 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-up1·20 days agothe supply of gold is relatively unchanging (new mines are rarely built) but the demand increases
minus-squareoo1@lemmings.worldlinkfedilinkEnglisharrow-up3·20 days agoOK. So more people are buying it and they are paying more. How can they afford to do this?
minus-squarejumping_redditor@sh.itjust.workslinkfedilinkarrow-up0·15 days agoI could say the same about the environmental impact of the poor buying small volume products with more packaging because they don’t (probably “can’t”) save
minus-squareoo1@lemmings.worldlinkfedilinkEnglisharrow-up1·14 days agonow i really don’t get it. Your gold is increasing in value because poor people like packaging? i think you’re maybe geoff bezos, except that i suspect a very small amount of his (your) assets are in gold.
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?
I could say the same about the environmental impact of the poor buying small volume products with more packaging because they don’t (probably “can’t”) save
now i really don’t get it. Your gold is increasing in value because poor people like packaging?
i think you’re maybe geoff bezos, except that i suspect a very small amount of his (your) assets are in gold.