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To: bvw

In short order, I think there will be countries who revert to the gold standard to escape the horror and anxiety of a floating currency. there will be a return to the tried and true historical basis for wealth.

Will America join the club? Don’t know. It will take years to make the decision.


44 posted on 03/29/2009 11:56:20 AM PDT by bert (K.E. N.P. +12 . John Galt hell !...... where is Francisco dÂ’Anconia)
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To: bert

Personally, I don’t think so. Mostly because it’s such a specious way for wealth creation - instead of creating products with ideas, or farming the land, you can go dig it out of the ground and your wealth grows. Sure we do it now, but the gold is counting in terms of dollars.


47 posted on 03/29/2009 12:00:58 PM PDT by cetarist
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