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<p>[QUOTE=&quot;KLJ, post: 89796, member: 1910&quot;]We also have to remember that when precious metals (gold and silver primarily) circulated as money, they weren&#039;t the only way of holding wealth.&nbsp; Land is the most common way, but other forms of property count as well.&nbsp; The wealth of the aristocracy up through the 19th century (and later in some countries) was often held in land (these aristocrats also tended to look down their nose at &quot;tradesmen&quot; - who traded in gold and silver coin).&nbsp; The South in 1861 had considerable wealth, but it was tied up in land and slaves.&nbsp; Even today, we hold our wealth in many things.&nbsp; I can trade frequent-flyer miles for airfare, hotel, or rental cars.&nbsp; A created item of &quot;value&quot; for a service.[/QUOTE]</p><p><br /></p>

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