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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 444.95-10.3%Jan 30 4:00 PM EST

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To: Rolla Coasta who wrote (28845)1/31/2008 11:20:20 AM
From: oldirtybastard  Read Replies (2) of 219959
 
You buy a pig farm to make things that you think other people will buy for more than what it costs you, such as pigs.

You buy gold because you buy things that you think other people will want to buy, like gold.

Countries would rather trade paper for food because they can't print gold, not because they can't expand their economy trading with gold. They can't infinitely expand credit with gold, which is one reason why gold is going up and papers are going down.

World is in constant state of war, it's just the biggest most powerful warlords don't need to go to war as often because of the size of their past spoils and because some other large warlords are very dangerous to fight with. Nobody really cares about little tribal wars in Africa except those nearby or those trying to do business there.

Currency trading is a bigger business than eating, gold is a currency.

People do have an interest to be fed, but for much of the world unless someone has an interest in feeding them they will not be involved in any big business and will eat rice and water when they can get it.
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