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Can someone smarter than me tell me if this affects me or not? (sh.itjust.works)

submitted 2 weeks ago by StarvingMartist@sh.itjust.works to c/outoftheloop@lemmy.world

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[–] jeffw@lemmy.world 7 points 2 weeks ago* (last edited 2 weeks ago) (5 children)

It doesn’t. It means the dollar is strong and people no longer want to invest in “alternatives”.

Unless you have a bunch of gold, then yeah… it affects you lol

Edit: also, gold doesn’t really have a “market cap”. We would need to know exactly the amount of gold on our planet to calculate a market cap

[–] Semi_Hemi_Demigod@lemmy.world 9 points 2 weeks ago (3 children)

Maybe the market cap in this graph is the total amount of gold extracted.

[–] jeffw@lemmy.world 2 points 2 weeks ago (2 children)

That would be my guess. But do we even know that precisely?

[–] eerongal@ttrpg.network 8 points 2 weeks ago

The gold market cap has always been the approximate amount of gold that has been extracted. While I don't think anyone can give you an actual precise number, the approximate number is pretty widely known and tracked as we extract more.

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