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To: expat_panama

Correct. This love affair with gold that some conservatives have is silliness. Money is an agreed upon tender. Our money happens to be green paper with dead presidents and numbers on it, universally trusted. Why would gold be more useful or trusted?

Money will eventually just be wholly digitized. If you think politicians play with it now, wait until then. Once trust breaks down it’s hard to restore.


14 posted on 10/29/2015 4:41:28 AM PDT by 1010RD (First, Do No Harm)
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To: 1010RD

the green stuff you call money is merely physical representation of entries on electronic ledgers


21 posted on 10/29/2015 4:52:49 AM PDT by bert ((K.E.; N.P.; GOPc.;+12, 73, ....carson is the kinder gentler trump)
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To: 1010RD

Your second paragraph answers why gold is desirable. Gold is an escape from the evils of a digital cashless society.


25 posted on 10/29/2015 5:02:49 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: 1010RD
love affair with gold that some conservatives have is silliness

Yeah, and there are some huge misunderstandings w/ the willfully ignorant that really muddy the discourse.  Two facts that we all need to remember:

The dollar and gold are already tied together.  Right now it's set at $1,158.45/oz by the free market and we can expect the ratio to change just as it kept changing for hundreds of years.

Most dollars are created not by the printing press, not by the Fed, but by banks both in the U.S. and all over the world --and it's been that way for hundreds of years both with and w/o gold.


31 posted on 10/29/2015 5:17:48 AM PDT by expat_panama
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To: 1010RD
Why would gold be more useful or trusted?

Because it can't be created by fiat. Which is why governments will never go back to it.

42 posted on 10/29/2015 5:48:46 AM PDT by Hugin ("First thing--get yourself a firearm!" Sheriff Ed Galt, Last Man Standing.)
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