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<p>[QUOTE="GoldFinger1969, post: 26715957, member: 73489"]The obsession with gold is misplaced by both individuals and CB's. Gold USED to be synonymous with wealth and economic growth but that was when we were on a mercantilistic barter system and gold or precious metals/gems gave one the ability to command other goods and services. </p><p><b><i><span style="color: #ff0000"><br /></span></i></b></p><p><b><i><span style="color: #ff0000">Remember....per capita GDP growth was STAGNANT and lifestyles did NOT IMPROVE for multiple centuries until the Industrial Revolution began to lift all boats.</span></i></b></p><p><b><i><span style="color: #ff0000"><br /></span></i></b></p><p><span style="color: #000000">Thinking that you can improve your economic status by accumulating gold is Fool's Gold (pun intended <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> ). Even today, you have bureacratic monstrosities like the EU strangling GDP growth and productivity and other countries thinking they can tariff their way to prosperity.</span></p><p><span style="color: #000000"><br /></span></p><p><span style="color: #000000">Bitcoin can go to $1,000,000 or fall to $10,000 -- means zip to me. Unless Saint-Gaudens or Liberty Head DEs or other gold coins were struck in the form of a Bit Coin....I don't care. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" /> </span>[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 26715957, member: 73489"]The obsession with gold is misplaced by both individuals and CB's. Gold USED to be synonymous with wealth and economic growth but that was when we were on a mercantilistic barter system and gold or precious metals/gems gave one the ability to command other goods and services. [B][I][COLOR=#ff0000] Remember....per capita GDP growth was STAGNANT and lifestyles did NOT IMPROVE for multiple centuries until the Industrial Revolution began to lift all boats. [/COLOR][/I][/B] [COLOR=#000000]Thinking that you can improve your economic status by accumulating gold is Fool's Gold (pun intended :D ). Even today, you have bureacratic monstrosities like the EU strangling GDP growth and productivity and other countries thinking they can tariff their way to prosperity. Bitcoin can go to $1,000,000 or fall to $10,000 -- means zip to me. Unless Saint-Gaudens or Liberty Head DEs or other gold coins were struck in the form of a Bit Coin....I don't care. :D [/COLOR][/QUOTE]
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