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You know, there are over 26,000 merchants across the USA who accept silver and gold as barter items for payment. I recommend you visit http://www.silverbarter.com to learn more about this.
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I have studied extensively on the subject and I could send you my article (about 800 words on the subject) if you e-mailed me to ricardo@campelodemagalhaes.eu . Basically it says Gold if President is a Bear (like LBJ, Nixon, Carter & Bush II) and invest in a Dow Jones if the President is a Bull ...
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a previous mises post states from an article "In an online debate with the Atlantic's economics writer, Megan McArdle, Shell observes with disapproval that, when prices are adjusted for inflation, Americans today spend '40% less on clothes, 20% less on food, more than 50% less on appliances...
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www.economagic.com displays a chart that says the currency in circulation increased by about 65 billion dollars from jan 2008 to dec 2008. economagic also shows a chart that says m2 increased by 752 billion dollars during the same period. subtracting 65b in currency from 752b in m2-moneys yields 687...
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Has the price of gold even been re-valued or devalued by a US President or the US Government? And if yes, is there a paper documenting the details of that occurrence? Thanks for the help.
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"How does one buy gold from a gold mining company in economy using gold as money?" i wondered this as well. aside from the technical aspect of getting existing gold money into the hands of a mining operation to begin mining....basically, i guess if a mining cost estimate concluded that 100grams...
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How does one buy gold from a gold mining company in economy using gold as money? I expect the buyer must use another type of money such as silver.
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While it is true that you hear quite a few "we will pay top dollar for your old jewelry", I also hear many, many adds for "gold line" and "leer" and assorted others selling gold...they even have the big radio voices touting how gold is going to triple in value in years and...
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Two things: 1. If gold becomes that valuable, I assume that we would switch to something like silver, platinum, palladium, rhodium, etc. 2. Gold being an element, it could be split into individual atoms, molecules would technically not be needed.
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My questions deals with transitioning away from a fiat currency in a country with zero gold in its treasury. Rothbard, in The Case Against the Fed, states the U.S. can transition away from fiat currency by dividing the amount of dollars by the gold stored in the treasury. For the sake of discussion,...