this post was submitted on 29 Jun 2025
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Late Stage Capitalism

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[–] oo1@lemmings.world 6 points 5 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?

[–] jumping_redditor@sh.itjust.works 1 points 5 days ago (1 children)

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

[–] oo1@lemmings.world 1 points 5 days ago (1 children)

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

[–] jumping_redditor@sh.itjust.works 0 points 14 hours ago

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