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To: TigerLikesRooster

Gold is money.


3 posted on 08/11/2012 4:19:01 AM PDT by fortheDeclaration (Pr 14:34 Righteousness exalteth a nation:but sin is a reproach to any people)
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To: fortheDeclaration

Exactly!


4 posted on 08/11/2012 4:56:10 AM PDT by crghill (Silly Mormons, God is triune.)
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To: fortheDeclaration
Gold is money.

No it's not. It's a commodity.

Gold is typically bought with currency and sold for currency.

Currency isn't even money - it's a 2nd deed on "money" (which is a claim on the future labor of others - a bond - in our debt-based monetary system).

Expect gold and silver to go down (after the emotional commodity roller coaster is over). We are in a deep deflationary environment, not inflationary.

11 posted on 08/11/2012 1:25:26 PM PDT by politicket (1 1/2 million attended Obama's coronation - only 14 missed work!)
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To: fortheDeclaration

As has been wampum, beaver pelts, scalps, ears, cigarette lighters, tobacco and rum among many,many others.


21 posted on 08/11/2012 5:56:12 PM PDT by jwalsh07 (.)
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