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BU$INE$$ ALERT!!
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<blockquote data-quote="HerefordSire" data-source="post: 583281" data-attributes="member: 4437"><p><em>Gold is an entirely different ball game because it can also substitute for a currency, in addition to being a commodity, which is a danger to fiat currency. In 1934 the President of the US confiscated all gold from all citizens. In 1973, we went off the gold standard. Gold is dangerous because it usually trades opposite to our fiat currency and when our currency is being debased, we hopefully can pay back older debt will less dollars.</em></p></blockquote><p></p>
[QUOTE="HerefordSire, post: 583281, member: 4437"] [i]Gold is an entirely different ball game because it can also substitute for a currency, in addition to being a commodity, which is a danger to fiat currency. In 1934 the President of the US confiscated all gold from all citizens. In 1973, we went off the gold standard. Gold is dangerous because it usually trades opposite to our fiat currency and when our currency is being debased, we hopefully can pay back older debt will less dollars.[/i] [/QUOTE]
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