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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 368.29

+0.6%

Nov 7 4:00 PM EST

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To: bull_dozer who wrote (207474)	8/21/2024 4:35:26 PM
From: Maurice Winn	3 Recommendations Read Replies (3) of 217571

China buying useless gold. Huge expense to excavate from mines, turn into bars, ship it around, bury it again in secure vaults, then spend forever guarding it. That's a pointless effort. China has got plenty of VVVs right so they have plenty to be going on with. Mining gold is less wasteful than starting wars and putting huge effort into weapons and soldiers and destroying things. So at least china is just digging holes and putting the gold from one hole into another. Nobody dies and there's no active destruction. Just wear and tear, fuel, lubricants, CO2 pollution if you're worried about that Putting all that money into It aka AI would give a better result. Or fusion. Or anti gravity machines. Or photovoltaics for electricity. And small seven second car battery swap stop services which would provide somewhere for cheap electricity to be stored. Governments do stupid. Cut them back to 10% of GDP. Or maybe 5%. Heck, 1% might be enough. Mqurice

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