Bye Bye Gold Nonsense
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  Bye Bye Gold Nonsense
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Author Topic: Bye Bye Gold Nonsense  (Read 23274 times)
Hillary pays minimum wage
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« Reply #200 on: January 09, 2016, 12:34:15 AM »


Look not only gold, but our paper money is only worth what it's backed up by in gold.  Having paper notes as legal tender has led to lots of inflation and devalued the dollar.  Now we have higher debt than what would've been under the gold standard because our paper money isn't worth as much.  It may be too late to go back to it, but it was the way to go at first.
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True Federalist (진정한 연방 주의자)
Ernest
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« Reply #201 on: January 09, 2016, 11:00:31 AM »

Actually, it depends on what one values gold in.  In dollars, gold has come down considerably from its peak, but it barrels of oil, it's worth much more than five years ago.
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they don't love you like i love you
BRTD
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« Reply #202 on: June 27, 2021, 12:18:17 PM »

One of the oddest threads in forum history.
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PSOL
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« Reply #203 on: June 27, 2021, 02:40:20 PM »

What are the prices for gold now? If it’s over $300, I may need to invest in gold and use the proceeding to invest in water futures.
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Frodo
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« Reply #204 on: June 27, 2021, 03:16:37 PM »
« Edited: June 27, 2021, 03:31:50 PM by Frodo »

What are the prices for gold now? If it’s over $300, I may need to invest in gold and use the proceeding to invest in water futures.

Way above that:

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart

By comparison, here are what all the known cryptocurrencies (like bitcoin) are worth right now:

https://coinmarketcap.com/all/views/all/
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