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I've been wondering for some time now why people don't currently use gold, silver, platinum, bananas, or whatever as a medium for exchange instead of dollars, euros, yen, etc. Are there laws in place forcing people to trade in dollars? There are plenty of other things available that could be...
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I think that President Obama plans to borrow more US dollars back from the Foreigners that earned the US dollars manufacturing US consumable products and then provide temporary jobs for unemployed US citizens to construct "Pork Barrel" projects, or rake leaves, or dig a hole today and then...
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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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Bullion banks act like any other bank, they borrow something from one party and lend it to another. They do not keep the something in their coffers. The large international commercial banks are the primary players in the market. They basically borrow from the central banks and lend to gold producers...
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[quote user="Norak"]Wouldn't it be better to simply buy land in the country, stockpile on food, guns, water, and so on? You can't eat gold.[/quote] Possibly. However, not everybody can buy land or grow their own vegetables. Therefore, gold serves the rest of us who need to trade. The...