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  1. #16
    Ignorant. Just ignorant.
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    Quote Originally Posted by airedale View Post
    Is gold as an "arbitrary thing" any better or worse than paper dollars which can be created by flicking on the printing presses. At least with gold or any other metal you have to expend a bit of effort digging for it.
    Any arbitrary thing based on scarcity is as bad as any other arbitrary thing based on scarcity. Unless the relative scarcity of the chosen arbitrary thing can fluctuate with the economy, then you run into problems.

  2. #17
    FEAR n GREED JBmurc's Avatar
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    Quote Originally Posted by airedale View Post
    Is gold as an "arbitrary thing" any better or worse than paper dollars which can be created by flicking on the printing presses. At least with gold or any other metal you have to expend a bit of effort digging for it.
    Gold above ground increases around 2% per year

    International Central Banks have purchased more than double the Gold/Silver Bullion 1st Half of 2018 than they did 2017
    (I wouldn't be surprised to see this increase 2H18 and for 2019 etc)
    Last edited by JBmurc; Today at 10:31 AM.
    People don't have ideas, ideas have people

  3. #18
    Senior Member airedale's Avatar
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    https://www.gold-eagle.com/article/c...0-total-market

    It would appear that the central banks are having a bob each way on the price of gold against the price of paper.

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