this post was submitted on 12 Aug 2026
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The only stable meme coin is gold
Gold to usd lost 30% since 2013
I thought gold was immune to all this because there was a more less fixed amount
Not how economics works. The price of gold fluxuates wildly because demand for it fluxuates wildly, because people keep gambling on the value of gold.
Oh, so it's a speculative asset with the only special property being that nobody can really inflate it