Gold

[Anonymous No.16022592]

Gold:

is expensive to mine

increases in supply at a rate of ~1% a year

and has a demand increase of >1% a year
In other words, gold (as an investment) is a pyramid scheme that inflates at a sufficiently low rate that it never collapses. The usefulness of gold (industrial/jewelry) serves as a justification for its value, but that's not why investors buy it.

[Anonymous No.16022630]

>gold is expensive to mine
Gold is mined when it is profitable to mine.

Mining becomes more profitable when the value goes up.
Value goes up when the economy goes up because gold is money and a bigger economy demands more money.
When an economy shrinks the value of gold goes down making people spend money stimulating the economy

When people are convinced a piece of paper is a substitute good for gold
they stimulate the economy without having to increase the gold supply.

meaning the people that hold gold never have to reinvest and can just live off pumping and dumping people's lives reducing the cost of consumer goods

[Anonymous No.16023220]

>>16022630
When an economy shrinks the value of gold goes down making people spend money stimulating the economy
why do people spend more money when economy goes down?

[Anonymous No.16023227]

>>16022630
>gold is money
do you even understand the concept of money?

[Anonymous No.16023228]

>>16023220
yes

[Anonymous No.16023240]

>>16023220
You're disincentivised to hold things that loose value

>>16023227
>MONEY IS DEBT WE OWE OURSELVES
Kys

[Anonymous No.16023254]

>>16022630
>gold
>money
Ahaha ha haha
Look at this retard and laugh

[Anonymous No.16023268]

>>16023220
They don't he's an idiot.

[Anonymous No.16023279]

>>16023268
they don't sell paper that is debased to hide its loss of value.

[Anonymous No.16023573]

>>16023279
the economy takes a good blow when there is recession
It geberally goes down

[Anonymous No.16023579]

>>16023573
you would have to define down