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<p>[QUOTE="fatima, post: 1226401, member: 22143"]I gave specific reasons why Gold isn't just a commodity in regards to money, and I didn't quote a non-definitive Wikipedia article. If you can effectively argue why they don't matter I will consider it. But you are simply ignoring those facts and reasoning and continuing to insist that gold is a simple commodity. </p><p><br /></p><p>It takes just a few seconds to find other links on Wikipedia that refer to gold as a monetary standard and the reasons that central banks still hold it. </p><blockquote><p><b>At the end of 2004, central banks and investment funds held 19% of all above-ground gold as bank reserve assets.[1]</b></p></blockquote><p> See <a href="http://en.wikipedia.org/wiki/Gold_reserve" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://en.wikipedia.org/wiki/Gold_reserve" rel="nofollow">Gold_reserve</a> Hence Gold is not just a commodity. Using your logic I just proved your point wrong. This is why I don't do battle of the web links. </p><p><br /></p><p>You are free to feel as you like. I don't seek to change your opinions of gold as that would be folly for me to do so. However keep in mind that opinion doesn't mean fact. If you are willing to actually discuss the points I made, then I will be glad to do so, but since you are ignoring them, and simply repeating yourself, I don't feel that I need to respond any deeper than this. </p><p><br /></p><p>Just a reminder, the point of this topic is Gold as a hedge to currency. </p><p><br /></p><p>(This is why I don't respond to link posts)[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1226401, member: 22143"]I gave specific reasons why Gold isn't just a commodity in regards to money, and I didn't quote a non-definitive Wikipedia article. If you can effectively argue why they don't matter I will consider it. But you are simply ignoring those facts and reasoning and continuing to insist that gold is a simple commodity. It takes just a few seconds to find other links on Wikipedia that refer to gold as a monetary standard and the reasons that central banks still hold it. [INDENT][B]At the end of 2004, central banks and investment funds held 19% of all above-ground gold as bank reserve assets.[1][/B][/INDENT] See [URL="http://en.wikipedia.org/wiki/Gold_reserve"]Gold_reserve[/URL] Hence Gold is not just a commodity. Using your logic I just proved your point wrong. This is why I don't do battle of the web links. You are free to feel as you like. I don't seek to change your opinions of gold as that would be folly for me to do so. However keep in mind that opinion doesn't mean fact. If you are willing to actually discuss the points I made, then I will be glad to do so, but since you are ignoring them, and simply repeating yourself, I don't feel that I need to respond any deeper than this. Just a reminder, the point of this topic is Gold as a hedge to currency. (This is why I don't respond to link posts)[/QUOTE]
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