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10 years ago, gold was $400...Where will silver be 10 years from now?
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<p>[QUOTE="C Jay, post: 1762342, member: 13184"]Speaking of history, one things that was part of the gold standard that is commonly ignored is the fine old institution referred to as "the company store". Many companies without ready access to gold had to resort to paying their employees with script. These were for goods and services provided to the employee by the company or local merchants who had an agreement with your employer. If you don't mind being paid in script and are happy to shop where your employer tells you to shop, then the gold standard may be right for you.</p><p> </p><p>Some people claim that the price of gold is artificially held down and the true value of gold will become apparent when coupled with currency. If you study the charts comparing the price of gold with dollars and the CPI, you will find that the opposite is true. When the biggest stacker on the block, your government, sets the price on what they will pay for gold and stamps it on gold coins, the fair value is the artificially set. No one will be able to buy gold for more than the government's set price and no one will be able to sell gold for more than face value of the coin. Now that's world class gold price manipulation. The system breaks when various nations become out of sync with each other and gold starts fleeing from one country to another. The true value of gold can only be realized when it is not artificially linked to the currency and subject to the forces of the free market.[/QUOTE]</p><p><br /></p>
[QUOTE="C Jay, post: 1762342, member: 13184"]Speaking of history, one things that was part of the gold standard that is commonly ignored is the fine old institution referred to as "the company store". Many companies without ready access to gold had to resort to paying their employees with script. These were for goods and services provided to the employee by the company or local merchants who had an agreement with your employer. If you don't mind being paid in script and are happy to shop where your employer tells you to shop, then the gold standard may be right for you. Some people claim that the price of gold is artificially held down and the true value of gold will become apparent when coupled with currency. If you study the charts comparing the price of gold with dollars and the CPI, you will find that the opposite is true. When the biggest stacker on the block, your government, sets the price on what they will pay for gold and stamps it on gold coins, the fair value is the artificially set. No one will be able to buy gold for more than the government's set price and no one will be able to sell gold for more than face value of the coin. Now that's world class gold price manipulation. The system breaks when various nations become out of sync with each other and gold starts fleeing from one country to another. The true value of gold can only be realized when it is not artificially linked to the currency and subject to the forces of the free market.[/QUOTE]
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