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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 387.98+1.3%Nov 28 4:00 PM EST

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To: bart13 who wrote (109387)12/31/2014 2:37:41 AM
From: clochard  Read Replies (1) of 218083
 
Property, stocks, and precious metals are used as an alternative to fiat money. Fair value of any currency is seen only in relation to other currencies and universal fungibility is not possible. Piles of copper bars are used in China as a store of value due to its industrial uses and maybe doubt in the yuan. Governments don't want currencies to be used as a store of value because it is seen as counterproductive to employment and tax revenue generation.
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