linsenchip@piefed.zip to Lemmy Shitpost@lemmy.worldEnglish · 2 months agoAbout as valuable as NFTsmedia.piefed.zipimagemessage-square21linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1imageAbout as valuable as NFTsmedia.piefed.ziplinsenchip@piefed.zip to Lemmy Shitpost@lemmy.worldEnglish · 2 months agomessage-square21linkfedilink
minus-squaretetris11@feddit.uklinkfedilinkEnglisharrow-up0·2 months agoReminds me of Aluminium. Literally everywhere since the dawn of time. Impervious to fire, so couldn’t smelt it for thousands of years. Electricity invented, and can now separate small amounts of it Worth more than gold, crown jewels made of it Market valuation keeps increasing New technique involving sodium allows us to extract large quantities of it Market valuation nosedives to nothing in a single day We use it to wrap food and drink cans with, and then we chuck it Can you imagine being an investor back then
minus-squaresurewhynotlem@lemmy.worldlinkfedilinkarrow-up0·2 months agoOnly tangentially related, but I like this story https://www.scottsdalemint.com/articles/2024/the-hunt-brothers-how-two-billionaires-broke-the-silver-market/ Tl;Dr two brothers tried to corner the silver market. Almost made it. Until they didn’t.
Reminds me of Aluminium.
Can you imagine being an investor back then
Only tangentially related, but I like this story
https://www.scottsdalemint.com/articles/2024/the-hunt-brothers-how-two-billionaires-broke-the-silver-market/
Tl;Dr two brothers tried to corner the silver market. Almost made it. Until they didn’t.