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<p>[QUOTE=&quot;chip, post: 786690, member: 19122&quot;]President Lincoln wrote that wealth is the product of labor, precious metals represent the labor taken to mine them, without labor there is no wealth, the industrialist, the tycoon all rely on the working men and women to build their wealth. Fiat currency also represents labor in a way, tho it takes much less labor to print a bill, then it does to mine gold, it also&nbsp; takes much less labor today to drill a barrel of oil, or grow a bushel of soybeans. </p><p><br /></p><p>People use the word inflation much as they use the word protectionism, sort of a knee jerk socially conditioned response.[/QUOTE]</p><p><br /></p>

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