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531

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)

Indeed, but it is relative. Gold tends to hold its value over time. However, there are long stretches of history when all the gold in the world was worthless to own.

[–] 1 pt

I meant more that it's durable, whatever you end up using it for. Bread is more of a commodity that needs to be produced and consumed in a short period of time. So they're fundamentally different products.