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

To: Hawkmoon who wrote (99514)11/9/2008 3:07:21 AM
From: Little Joe  Read Replies (1) | Respond to of 110194
 
That would be a game changer. If gold could cheaply and easily be produced it would be useless as a monetery metal. Until then it has the benefit of acting as a discipline to power grabbing money grubbing pols, which is precisely the reason it gets replaced by fiat money.

The wikipedia article was interesting.

Little joe



To: Hawkmoon who wrote (99514)11/9/2008 5:30:27 AM
From: Travis_Bickle  Read Replies (1) | Respond to of 110194
 
Depends on the cost of producing it, currently it is my understanding we can produce gold from sea water (Zeev Hed said it would cost $1,000 an ounce) but the cost makes it unfeasible.


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