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To: discostu
Actually it was DEFLATION of the gold "price", the gold lost value and so became worthless.

When a currency loses value, that's inflation.

When the form of currency loses value that's called inflation. But when you're talking about a commodity (which is doubling as a currency) losing value the actual price is deflating.

Give me numbers. Compare 1491 to the 1500s. Prove your hyperinflation.

If you can't accept that all of Spain is a "significant population" then there's no point in this discussion continuing because it becomes obvious at that point that you've got your sacred cow and it cannot be shaken regardless of the fact presented.

Spain is a signigicant population. You say gold hyperinflated in Spain. I say gold didn't hyperinflate in Spain. Give me a link that proves it hyperinflated.

248 posted on 07/24/2002 6:38:01 PM PDT by #3Fan
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To: #3Fan
Alright, y'all, everyone take a break for an hour and watch the Travel Channel, there's a show about hidden treasure, gold, etc.!
251 posted on 07/24/2002 6:56:56 PM PDT by #3Fan
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To: #3Fan
Here:
http://www.sjsu.edu/faculty/watkins/spgold.htm

Now get off my case. It's doctrine that Spain choked their economy to death. This is like proving we breath air.
262 posted on 07/24/2002 9:21:05 PM PDT by discostu
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