well, i t would cause the opposite of inflation, deflation? Assuming the country is a gold standard econnomy. Since there’s more gold backing up each unit of currency, the value of the currency would increase. Inflation is when your currency represents less and less of whatever your standard may be, gold or silver of something else. So in this case it would deflate whatever economy he puts the gold into, assuming it’s a gold standard economy. And yeah, the gold market would throw a fit, anyone who invested into the gold market would be hella pissed.
it wouldn’t cause inflation because gold is being exchanged for preexisting money. what it would do is tank the gold market, which nobody except jewelers gives a shit about. sell away, buddy
jetblackcloud
well, i t would cause the opposite of inflation, deflation? Assuming the country is a gold standard econnomy. Since there’s more gold backing up each unit of currency, the value of the currency would increase. Inflation is when your currency represents less and less of whatever your standard may be, gold or silver of something else. So in this case it would deflate whatever economy he puts the gold into, assuming it’s a gold standard economy. And yeah, the gold market would throw a fit, anyone who invested into the gold market would be hella pissed.
Pikchu
low-key, I would eat that🤤
haurva
it wouldn’t cause inflation because gold is being exchanged for preexisting money. what it would do is tank the gold market, which nobody except jewelers gives a shit about. sell away, buddy
MintFae
what small?! that look delicious
Adartse
The start is good.
Rococochoco
How nice of him to care about inflation, I would have immediately went spending
Catfish
Yeah,who cares anyway. I will spend that money right away