To: Dr. Sivana
Supply and demand seem to effect the price [value] of gold.
20 posted on
06/10/2024 4:22:39 PM PDT by
Paladin2
To: Paladin2
Supply and demand seem to effect the price [value] of gold.
It does, but the wild fluctuations (as in the later '70s) had more to do with the perception of a falling dollar. Supply is relatively stable, excepting only extraordinary events like Spain collecting large amounts of gold in a short period of time in the New World.
When the U.S. Currency was backed by gold, the fluctuation was much less.
80 posted on
06/10/2024 6:24:45 PM PDT by
Dr. Sivana
(Stormy Daniels is a McGuffin)
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