Message from @VaingloryPvP
Discord ID: 704194532052566046
Very smart.
Its a price for gold set by the governmemt. It's how much gold the government will "convert" for a specific amount of money
That's what a standard is
Yep.
That sets the price of gold for that currency
that's not price fixing
^
Yes you're right
It's setting a price essentially
price fixing is when the govt says a pound of flour costs this much and if you deviate from that we'll chop your fucking head off
No.
You give the government a certain amount of money and the government gives you gold back
no.
govts price fix in order to try and offset the negative of fiat currency
Your just conflating terms dude
Yep qwasi!
the money is worth less and less so the govt price fixes
^
which doesn't work
What? Price fixing is to prevent the market from over valuing basic commodities
That's literally the purpose
explain it to him qwasi.
Price is determined by the confluence of demand and supply. If there is a lot of demand and little supply the price goes up
Price capping stops that which can cause shortages
I don't need anything explained to me
It's what happened to toilet paper
Actually
Damn, you must be a genius then.
Look here , the smartest person in the world.
Ok I see how that came off
But you know what I meant
Yep. You’re a genius.
Are you voting in 2020?
Probably
Who for?
GG @VaingloryPvP, you just advanced to level 4!
And its probably gonna be for Trump because who the fuck else is worth it?
Do you like trump?
I live in MD though so it's not like it matters were a winner take all state
No one sort of.