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E Thomas St. » Comments » CNY

  • What Is Going On With Gold? [View article]
    Every monetary system in the first world is fiat or a hybrid. This trope you keep pushing seems to ignore that fact. In reality every metal backed based monetary system has failed because obviously no country is using it.

    On Jan 08 09:44 AM John Polomny wrote:

    > The only problem with your analysis is that gold has been up every
    > year for the last eight years. That includes the 4.8% gain last year.
    > Your analysis that the dollar is the best of a bad lot is correct
    > however a paradigm shift is slowly occuring. Every fiat monetary
    > system in history has failed and this one will also. One most keep
    > in mind that just because something is certain doesnt mean it is
    > imminent.
    Jan 08 11:54 am |Rating: +1 -2 |Link to Comment
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