Welcome • User Guide
ToS • Privacy • Canary
Donate • Bugs • License

©2025 Poal.co

1.4K

And of course there's a war with Russia, which might try to destabilize the western economies and monetary system if that's possible.

Shouldn't the prices for those commodities be sky-high because everyone tries to hedge against inflation as well as the looming monetary crisis? Why isn't that the case?

And of course there's a war with Russia, which might try to destabilize the western economies and monetary system if that's possible. Shouldn't the prices for those commodities be sky-high because everyone tries to hedge against inflation as well as the looming monetary crisis? Why isn't that the case?

(post is archived)

You are currently inside a comment thread.
Click here to see all the comments (124).
[–] • 5 pts

Not rational? Gold has real world use. It is in the computer you are typing on currently. As other have noted it's value in terms of trade comes from it being limited, "beautiful," not susceptible to corrosion. Silver shares many of these qualities thus is also popular as a store of value and medium of exchange.

It is a light weight medium of exchange that doesn't have you lugging around 10 gallons of milk that will go bad just so you can buy a side of pork.