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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: benwood who wrote (87611)10/12/2007 1:32:18 PM
From: Tommaso  Read Replies (1) | Respond to of 110194
 
Sometimes I find myself starting to be convinced by some self-appointed guru, and then I read something like this:

"The lesson of history, after all, is that nothing lasts forever…nothing, perhaps, except gold. Least reactive of all metals, and impossible to destroy with anything other than cyanide to dissolve it, gold had been used as a store of wealth across the world for more than 3,500 years."

And then I recall (from high school chemistry) that gold can be dissolved in "aqua regia," a mixture of nitric and hydrochloric acid, producing gold chloride. Also, iridium is less reactive than gold. And cynanide does not "destroy" gold.

bitsofnews.com



To: benwood who wrote (87611)10/12/2007 3:40:34 PM
From: stan_hughes  Read Replies (1) | Respond to of 110194
 
Did you read all the way to the end there? It says there was a 38.6% loss in effective household purchasing power during the period