Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Gold Rush.

  • 20-07-2014 12:17pm
    #1
    h.bolla
    Registered Users Posts: 86 ✭✭


    I was just thinking recently. Suppose, even today I guess with oil etc, but back in the day someone would discover gold and suddenly everyone in the local area is in the moutains panning for it.

    Would the sudden wealth in that town/area cause inflation?

    However even if this did happen I guess you would have to factor in all the new people coming to the town (in hopes of also cashing in on this gold)- the sudden influx of new people would probably help balance it out again?

    Or maybe Im wrong?


Comments

  • #2
    Iwasfrozen
    Registered Users, Registered Users 2 Posts: 16,250 ✭✭✭✭Iwasfrozen


    h.bolla wrote: »
    I was just thinking recently. Suppose, even today I guess with oil etc, but back in the day someone would discover gold and suddenly everyone in the local area is in the moutains panning for it.

    Would the sudden wealth in that town/area cause inflation?

    However even if this did happen I guess you would have to factor in all the new people coming to the town (in hopes of also cashing in on this gold)- the sudden influx of new people would probably help balance it out again?

    Or maybe Im wrong?
    It wouldn't cause inflation because prices are generally set at a national level.


  • #3
    sin_city
    Registered Users, Registered Users 2 Posts: 899 ✭✭✭sin_city


    Iwasfrozen wrote: »
    It wouldn't cause inflation because prices are generally set at a national level.

    That's right...All the multinationals with their HQ in Dublin have caused prices in Leitrim and Sligo to keep up with Dublin generally.



    @h.bolla regarding your example, check out Melbourne...that's pretty much how the city came into being.


Advertisement