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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 362.31-1.8%Nov 4 4:00 PM EST

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To: elmatador who wrote (50371)5/24/2009 7:47:39 AM
From: TobagoJack1 Recommendation  Read Replies (2) of 217541
 
<<As Gold becomes pricier in all currencies>>

... all things will become more expensive, because paper money, the actual medium of exchange, would be ever plentiful, and progressively no good.

issue is of course that gold is money, does not spoil, and banana is not and does.

by and by people will get used to the idea that paper money is not a unit of worth store over any time horizon greater than 36 months, and for that portion of excess savings and surplus capital which must survive intact over that time and longer, gold will do.

gold in different currencies over the immediate past the-privateer.com showing that gold has worked beautifully as money, from spare change to patient savings store



i would wager that even the Yap Island stone wheel money went up against the wastrel fiat schemas

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