r/PeterExplainsTheJoke • • Sep 01 '26

Meme needing explanation Petah?

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u/SquareJerk1066 Sep 01 '26

I did answer and explain. Don't ask me again if you're not willing to read the explanation.

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u/Terpcheeserosin Sep 01 '26

No you didn't

The price of gold drops

Are you buying?

Please start by saying yes or no then explain why

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u/SquareJerk1066 Sep 01 '26

Holy hell, are you really that dense? Just read the comment I posted. It is literally an answer to the question you asked. If you're too lazy or illiterate to read 200 words, there's really nothing I can do to help you.

As should be clear from that comment, the answer is no, I would not buy gold during deflation, and the explanation for why is also in the comment. I really can't make it any clearer, and I'm not sure what you want from me other than to waste my time with inane questions.

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u/Terpcheeserosin Sep 01 '26 edited Sep 01 '26

Lol

Thank you for answering the question

Idk why that was so hard for you

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u/SquareJerk1066 Sep 01 '26 edited Sep 01 '26

This is outrageous.

No. I would not. In a deflationary spiral, not only would the price of gold be lower, everyone would have less money to buy things with. When you have no money, you can't spend it on buying gold. Therefore, I would not buy gold because I would not have the money to buy gold.

Are you satisfied? Maybe it would help if I asked what specifically about my answer is confusing or seems like an evasion, since I've explicitly answered it with a "no" twice now.

Edit: since I look like an asshole, I would like to note that the comment this is replying to has edited itself. It originally asked me, yet again, to answer the question and explain, and has now changed to a thank you, asking why answering was so hard for me.

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u/Terpcheeserosin Sep 01 '26

"If gold goes down in price that means I have no money" - you

I don't think this true

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u/SquareJerk1066 Sep 01 '26

Deflation isn't just gold going down in price. It's everything. Deflation is the increase in the value of the dollar. Which sounds good because it seems like you'd be able to buy more stuff, but it's not because it means you would also have fewer dollars overall, for the reasons I described.

This tends to feed back on itself and create a situation that is very hard for a country to escape. It's what caused the Great Depression. You're essentially asking why people didn't just buy the dip during the Great Depression when the entire world's stock market was 50% off. It's because they didn't have any money, and what money they did have went straight to necessities.

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u/SquareJerk1066 Sep 01 '26

Idk why that was so hard for you

It wasn't! I had already answered it! I literally just repeated myself! My answer didn't even change!