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  • 'Gold as Money' Means a Potentially Massive Rise in Valuation [View article]
    China is buying dollars to keep its own currency low. Do you really think it's going to stop soon?

    To User 205735: Unless govt money is backed up by gold (i.e. exchanged to gold on demand), you don't have gold standard. Which means that if you have it, you have to hold big gold reserves. When most countries jumped on gold standard in the end of 19th century, price of gold relative to silver jumped several times.
    Jun 05 11:05 am |Rating: 0 0
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