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[–] 98 points 8 months ago (9 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.

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  • [–] 27 points 8 months ago (8 children)

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

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  • [–] 31 points 8 months ago (7 children)

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

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  • [–] 9 points 8 months ago (4 children)

    Yeah, ours came from asteroids from what I have heard

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  • [–] 3 points 8 months ago* (last edited 8 months 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.

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