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<p>[QUOTE="fatima, post: 1223705, member: 22143"]What industrial processes uses pure gold?</p><p><br /></p><p>If you can't specify your industry, then you are simply providing unverifiable anecdotal comments that can't considered in the context of this topic. I certainly don't want you to reveal your secrets. So fair enough, we will assume it has no meaning here then. </p><p><br /></p><p>If gold is just another commodity, then why does the United States have an entire army base protecting the vast majorty of it's 8000 tons of gold reserves. In fact, why bother to have gold reserves at all. In the form that it is stored in, gold bars, it has no other use. (I'll note BTW these bars are .91 gold) Furthermore why does the NY Federal reserve sit on another 7000-8000 tons of gold in the basement of its NY Fed office? Why does the Federal Reserve list gold as a financial asset? An honest answer to that question would quickly yield the conclusion that we are not talking about bushels of corn or pork bellies.[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1223705, member: 22143"]What industrial processes uses pure gold? If you can't specify your industry, then you are simply providing unverifiable anecdotal comments that can't considered in the context of this topic. I certainly don't want you to reveal your secrets. So fair enough, we will assume it has no meaning here then. If gold is just another commodity, then why does the United States have an entire army base protecting the vast majorty of it's 8000 tons of gold reserves. In fact, why bother to have gold reserves at all. In the form that it is stored in, gold bars, it has no other use. (I'll note BTW these bars are .91 gold) Furthermore why does the NY Federal reserve sit on another 7000-8000 tons of gold in the basement of its NY Fed office? Why does the Federal Reserve list gold as a financial asset? An honest answer to that question would quickly yield the conclusion that we are not talking about bushels of corn or pork bellies.[/QUOTE]
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