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

submitted 1 day ago by StarvingMartist@sh.itjust.works to c/outoftheloop@lemmy.world

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[–] Fermion@mander.xyz 95 points 1 day ago (1 children)

Market cap and realized losses are completely different things. Reporting a change in market cap as a loss is misleading imo.

This dip might drive some volatility for a bit, but gold and silver are still at crazy high valuation. It isn't likely to affect you unless you've been speculatively buying precious metals and panic sold.

[–] LodeMike@lemmy.today 27 points 1 day ago (1 children)

Also, gold doesn't have a market cap. It's literally impossible to measure how much there is.

[–] CMDR_Horn@lemmy.world 31 points 1 day ago (2 children)

Hell, there are asteroids that have more than we do.

[–] stoy@lemmy.zip 8 points 1 day ago (2 children)

Yeah, ours came from asteroids from what I have heard

[–] SatansMaggotyCumFart@piefed.world 12 points 1 day ago (1 children)

We’re all stardust and so is gold.

[–] DontRedditMyLemmy@lemmy.world 6 points 22 hours ago (1 children)

So I should buy?

[–] acockworkorange@mander.xyz 3 points 21 hours ago

Diamond hands!!!11

[–] toynbee@lemmy.world 3 points 1 day ago* (last edited 4 hours ago)

I thought it came from the bones of the fifth elephant.

edit: Bones. Bones of the fifth elephant. AFAIK they don't have video in Discworld other than in that one book and that didn't go so well.

[–] valkyre09@lemmy.world 3 points 1 day ago (1 children)

Your comment reminded me of the movie, “don’t look up” and now I’m slightly annoyed

[–] Enkrod@feddit.org 2 points 19 hours ago

That's the exact feeling the movie left in me too.