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  • M3 Money Supply and Inflation: Got Gold? [View article]
    The only reason that the ' buying spree ' with gold coins would not be accepted is because the face value of those coins (which represent legal tender in the US) is too low compared to the value of the metal.

    If the Treasury ever allows redemption based on the value of the metal, gold and silver would make fiat currency obsolete-- quickly
    Jun 30 15:37 pm |Rating: 0 0
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