Untitled attachment
https://cdn.masto.host/liberdon/media_attachments/files/113/175/839/900/825/375/original/a6ed713a1fb1eb8b.png
Gold isn't a currency anymore so few people holding it. Also, a lot of gold has been mined since '29.
Yet even with all that supply & little common demand, gold is worth double today.
Further, economies of scale are better today & so is production efficiency. So why is gold worth so much more?
Oligarch's, banks, & governments are hording it. Meaning: it's a been giant transfer of wealth scheme.
076萌SNS is a social network, courtesy of 076. It runs on GNU social, version 2.0.2-beta0, available under the GNU Affero General Public License.
All 076萌SNS content and data are available under the Creative Commons Attribution 3.0 license.