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0 pointsempath756y ago0 comments

in a free market, the price for any commodity should roughly track the cost of producing it.

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rantwasp6y ago· 1 in thread

you're working with the assumption that it's a commodity. It's more like a currency than a commodity.

also, is the price of gold for example really tracking the cost of producing it?

Either side of that equation can lead — if the price of gold rises from speculators, miners will start employing costlier means of extracting the metal to meet demand.

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