To: rdl6989
How do you sell gold?
Wouldn’t gold be more valuable to a country than whatever they exchanged it for?
9 posted on
12/10/2013 7:40:51 PM PST by
yarddog
(Romans 8: verses 38 and 39. "For I am persuaded".)
To: yarddog
When you are starving, food becomes more valuable than gold.
12 posted on
12/10/2013 7:42:20 PM PST by
entropy12
(Zero thanks to all who stayed home and helped elect Acorn lawyer Zero.)
To: yarddog
14 posted on
12/10/2013 7:43:14 PM PST by
GeronL
(Extra Large Cheesy Over-Stuffed Hobbit)
To: yarddog
They might only technically be “selling” the gold. They may be paying for the importation of necessities with it because they have no cash.
42 posted on
12/10/2013 8:23:59 PM PST by
arthurus
(Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
To: yarddog
Country’s sell gold all the time to accumulate foreign exchange reserves. In this case it will be Chi com Yuan. It’s like an old lady selling the family silver for a bag of groceries....
58 posted on
12/10/2013 8:48:31 PM PST by
Kozak
("Send them back your fierce defiance! Stamp upon the cursed alliance! To arms, to arms in Dixie!)
To: yarddog
“Wouldn’t gold be more valuable to a country than whatever they exchanged it for?”
Unless you’re buying food from a country that has a surplus.
61 posted on
12/10/2013 9:06:07 PM PST by
catnipman
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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