/biz/ - Business & Finance

>>56874336
Yes

it doesn't matter

>>56874336
i feel retarded now

>>56874384
Good job anon.

When the demand of gold goes up gold miners mine more gold and dump it on the market
>muh store of value
lmao
shiny rock boomers are pathetic

>>56874336
did you know that humanity can't go to space without increasing annual gold consumption in the aerospace industry by some 50 to 100 times?

>>56874671
The only game theoretically trustworthy store of value in existence is BTC

>>56874671
t. soft hands city slicker who has never worked in industry

>>56874336
No it has an inflation rate of 0 people just don't know what the max supply is. Imagine finding a new species in the wild and being like "Oh no these bugs just appeared out of thin air!"

>>56874749
>187,000 tons of gold in circulation
>3,000 tons more mined each year
>inflation rate 0

Of course the max supply is unknown, that doesn't have any effect on the realized rate of inflation.

>>56874392

>>56874844
Is that how you got this 1.5% number? You just divided the amount of gold mined every year by the amount of gold in circulation? Lmao

>>56875060
Zoom out

>>56875066
Yes, why is that wrong? Do you even understand what inflation is?

>>56874723
What is it with you people and the texture of other men's hands? Are you all just repressed homos?

>>56875252
Jesus Christ you’re retarded. The inflation of a currency is not equal to the rate of supply change over the current supply.

>>56874336
>>56874384
>>56874652
i love this board, such smart boys.

>>56875725
>you IDIOT, the amount of sand in this pit isn't increasing when I pour new sand in there
>look, I created a fence around some of the sand so that sand can't be taken into account

Go be a midwit somewhere else.

>>56875888
>y-youre the midwit, n-not me
>doubles down on his retarded method of calculating inflation
lol. Lmao, even

>>56875986
Inflation is a very simple thing, you create more of thing, one unit of thing is now less valuable. Any attempts to make it seem more complicated are jewish tricks, and you're falling for them for some reason.

>>56876020
Even if your midwit explanation was accurate (it’s not), you’re ignoring the demand side of the equation. The value of gold can go up relative to other goods (meaning deflation) if the increase in demand is greater than the increase in supply relative to the existing supply.

>>56876154
No, inflation is a force acting on the value of the asset irrespective of demand. Just because demand, and thus price increases, doesn't mean inflation didn't occur. With no inflation the price would've increased more.

>>56876180
Inflation isn’t independent of demand, brainlet. Inflation is measured by comparing how much a basket of goods/services can be purchased for in whatever currency you’re trying to measure at two or more different times. If the supply of gold increases by 1.5%, in a year but the demand doubles and I can now buy the same basket of goods for nearly half the amount of gold as I could last year, I’ve experienced deflation despite the supply increasing. Please go be retarded somewhere else.

>>56875252
did you know that the supply changes, and those tonnes used for industrial applications are off-market? some permanently?

>>56875888
oh shit. he *is* retarded

>>56874336
USD has a 300 percent inflation rate since Globohomo Joe took over as head pedophile of Great Satan

>>56874652
Thanks fren