You have to compare apples to apples. But also, gold is not a good inflation hedge on short timescales (years). It only really holds its value over a hundred years.
It’s no use. I’m embarrassed for having told people that Lemmy is a generally intelligent group. I had no idea that basic economics was beyond the hive mind here. It feels weird even calling this basic economics, this is more like basic observation. I had no idea that there were people emotionally invested in pretending like inflation is fake.
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No.
The dollar has recently been stronger against the Euro, Pound, Yuan, Ruble, and Yen.
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You have to compare apples to apples. But also, gold is not a good inflation hedge on short timescales (years). It only really holds its value over a hundred years.
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Laughs in Canada.
It’s no use. I’m embarrassed for having told people that Lemmy is a generally intelligent group. I had no idea that basic economics was beyond the hive mind here. It feels weird even calling this basic economics, this is more like basic observation. I had no idea that there were people emotionally invested in pretending like inflation is fake.