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<p>[QUOTE=&quot;Nuglet, post: 1861795, member: 44816&quot;]It&#039;s not fiat because there is a limited quantity of it on earth and there is a substantial cost in procuring it, it is a raw material, its value is not declared by a govt. but decided in a market like other goods. It is a commodity. Overvalued based on its real technical use maybe but still valued by a market, not declared by an entity. People don&#039;t need cotton, they can walk around naked. Is cotton fiat?[/QUOTE]</p><p><br /></p>

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