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Politics : Sioux Nation -- Ignore unavailable to you. Want to Upgrade?


To: Shawn M. Downey who wrote (70880)6/15/2006 9:08:29 PM
From: Jim Willie CB  Read Replies (8) | Respond to of 360951
 
gold is money, has been for 5000 years

what you carry in your pocket is debt-denominated legal tender
not money

gold is a monetary commodity

if copper goes down but gold goes up, your viewpoint is shattered
I refer to a monetary crisis with an economic recession
because central banks are accumulating gold currency
as an alternative to euros, sterling, and yen

is a $20 bill a paper commodity by your definition ???
it is made from paper stock ?
should a $20 bill be priced according to paper prices and ink prices, with a premium for artistic design ?

your view is precisely why a monetary crisis is to unfold

/ jim