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To: danielmryan

Bone-in-your-nose primitivism.

The amount of gold in the world has increased to 2x the level of 1900.

The amount of people in the world has increased to 7x tle level of 1900.

And gold *evaporates* in circulation! Like any metal, it wears out when transferred from hand to hand. (Why do you think coins have dates, anyhoo? To distinguish newer, unworn coins having full value from older coins.)

The only people that the gold standard would help are those who already own gold.

Having precious metals as our currency ranks up there with banning the automobile and returning to the horse and buggy. Stupid, stupid, stupid.


37 posted on 12/10/2010 8:01:19 PM PST by Ghotier
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To: Ghotier
Having precious metals as our currency ranks up there with banning the automobile and returning to the horse and buggy. Stupid, stupid, stupid.

It'd be more like banning credit cards and returning to rent-to-own.

39 posted on 12/10/2010 8:16:55 PM PST by danielmryan
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To: Ghotier
You have to be a graduate of one of those grand ivied establishments of higher bloviation who still fail to realize that no matter how hard you rub, you can't polish a turd. Please tell me ONE fiat currency in the history of the world that has worked. Most have lasted about 40 years. Our world fiat monetary system is about that old now. The only difference is that this time it's a reserve currency. The only option the central banks of the world have is to print to infinity.

Nam Vet

77 posted on 12/11/2010 9:20:25 PM PST by Nam Vet (Are you better off than you were 4 trillion dollars ago?)
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