I am here again
I have not been here for a long time, maybe there have been two months since i came here last time. so, hello to all italki friends. During this time, the most interesting is gold trading. Last week i bought some gold at nearly RMB￥292/ Gram through online bank. Some days later i sold them at RMB￥293/Gram. To my surprise, the gold price has been rising above RMB￥300/Gram. I lost so much money.
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It is called inflation. The actual real price of gold never changes... But because your countries currency and my mine are fiat we see the rise and fall of prices... Inflation is caused by excess paper money in the economy. Anyways welcome back.
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