GodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 3 months agoCapitalism ends povertylemmy.worldimagemessage-square81linkfedilinkarrow-up11.08Karrow-down112
arrow-up11.07Karrow-down1imageCapitalism ends povertylemmy.worldGodlessCommie@lemmy.worldM to Late Stage Capitalism@lemmy.worldEnglish · 3 months agomessage-square81linkfedilink
minus-squareoo1linkfedilinkEnglisharrow-up7arrow-down1·3 months 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 [they/them]@sh.itjust.workslinkfedilinkarrow-up1·3 months agothe supply of gold is relatively unchanging (new mines are rarely built) but the demand increases
minus-squareoo1linkfedilinkEnglisharrow-up3arrow-down2·3 months agoOK. So more people are buying it and they are paying more. How can they afford to do this?
minus-squarejumping redditor [they/them]@sh.itjust.workslinkfedilinkarrow-up0·3 months 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-squareoo1linkfedilinkEnglisharrow-up1·3 months 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.