Proving yet again that physical possession of stuff does not make for wealth.
PRODUCTIVITY creates wealth.
NOT STUFF.
Proving yet again that physical possession of stuff does not make for wealth.
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I guess by your opinion, with the ENTIRE world’s Central Banks buying historic amounts of physical Gold means nothing and the US should sell off all its Gold reserves? Foolish, as 5,000 years has shown.
Note: The Basel III Agreements go into full effect 1 July 2025. Back to “ equal weights and measures “…..
PRODUCTIVITY creates wealth.
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Without natural resources, there is no production.
Venezuela is a great example. They have the largest reserves of petroleum yet their political stance have made it so no foreign company will invest in getting the petroleum out of the ground anymore.
One of the reasons why I try not to buy gasoline at Citgo/7-11 fuel stations. I personally do not want to support Venezuela.
NOT STUFF.
Productivity implies production, which is making or collecting "stuff". Stuff can be traded for other stuff, like gold for food, clothing, etc. Wealth can be defined as having more than you need to obtain the stuff you need.