this post was submitted on 29 Jun 2025
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Late Stage Capitalism

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[–] [email protected] 7 points 2 days ago (1 children)

I don't get it. If you have a pile of gold and there are no other people involved, how does its value change?

[–] [email protected] 1 points 2 days ago (1 children)

the supply of gold is relatively unchanging (new mines are rarely built) but the demand increases

[–] [email protected] 3 points 2 days ago

OK. So more people are buying it and they are paying more. How can they afford to do this?