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  • Independence Day: Decoupling Gold and Silver from the Dollar [View article]
    Lester,

    Interesting concept. However, remember that government, in its current form, existed long before fiat money. Until a couple of centuries ago, most forms of currency were actual pieces of gold or silver, and government was as powerful then as it is now, perhaps even more so. Fiscal and monetary policy may be a function of a government's ability to fluctuate its currency, but the essence of sovereignty has little to do with gold.
    Aug 27 15:56 pm |Rating: 0 0 |Link to Comment
  • Independence Day: Decoupling Gold and Silver from the Dollar [View article]
    "Precious metals went up, while the dollar went down. Everyone is amazed." - Who exactly was amazed? Precious metals have had an inverse correlation with the dollar since 1971, when the US abandoned the Gold Standard. Before that, the US dollar was pegged to gold, so your statement "Gold and silver have never been tethered to the dollar" is also incorrect.

    I didn't read much further, as this seems to be yet another rehashing of your Colossal COMEX Conspiracy series, with which we are all familiar.
    Aug 27 12:32 pm |Rating: 0 0 |Link to Comment
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