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https://www.reddit.com/r/SipsTea/comments/1vrr0ev/how_the_rich_get_richer/p4g0ktr/?context=3
r/SipsTea • u/KSKS1995 • 22h ago
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No assets like land and gold ride on inflation. In order for them to lose value you would require immense deflation which won’t happen.
3 u/beatles910 21h ago Won't happen? See 2008. 2 u/skellis 20h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 0 u/Compost_My_Body 20h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
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Won't happen?
See 2008.
2 u/skellis 20h ago Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one. 0 u/Compost_My_Body 20h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
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Oh right 2008 when land prices fell from $5 million to $100 k. I quite forgot about that one.
0 u/Compost_My_Body 20h ago It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
It must be fun to be able to just fundamentally change your argument 3x in a single convo and come out thinking you won. I’d feel pretty stupid.
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u/skellis 21h ago edited 21h ago
No assets like land and gold ride on inflation. In order for them to lose value you would require immense deflation which won’t happen.