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To: I got the rope
Why bother with a gold standard?...Greshams law and supply and demand are providing a simple "gold standard"....the price of gold and silver is inversly proportional with the race to inflate all the "fiat curriencies" throughout the world...gold and silver are doing what they have always historically done...provide a "store of value" for ones labor
29 posted on 02/01/2004 5:00:29 AM PST by M-cubed
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To: M-cubed
gold and silver are doing what they have always historically done...provide a "store of value" for ones labor

An ounce of gold would have bought a man a new suit and a new pair of shoes in the days of the Roman Empire.

And an ounce of gold will buy you the same thing today.

Can anyone name a fiat currency which has that staying power?

36 posted on 02/01/2004 8:02:33 AM PST by Mulder (Fight the future)
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