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TheLonger Term Implications of Basel III (January 2013) - Gold's Triumphant Return?
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<p>[QUOTE="InfleXion, post: 1605110, member: 29012"]Gold hardly ever changes in value. It is the currencies that change in buying power that causes the gold price to fluctuate more than all other factors. Therefore any perceived volatility in this market is simply the currency volatility primarily, and secondarily a bunch of paper speculators that have nothing to do with the actual metal. I could show you a gold chart, and you might say the chart is volatile and be correct, but to say that gold is volatile would be incorrect. It is the currency, not the gold. </p><p><br /></p><p>You simply have fallen victim like so many others to the manipulation of definitions over the course of many years. My attempts to correct these common misconceptions might be construed as twisting, but what I am doing is untwisting. If you believe the new definitions to be more correct than the ones I deem to be correct then I completely understand where you are coming from, but you are wrong. Feel free to ignore information and believe what you want. All I care about is that other people know how real money works. It is currency that you are using to feed your family. I have explained the differences ad naseum so I will just leave it at that.[/QUOTE]</p><p><br /></p>
[QUOTE="InfleXion, post: 1605110, member: 29012"]Gold hardly ever changes in value. It is the currencies that change in buying power that causes the gold price to fluctuate more than all other factors. Therefore any perceived volatility in this market is simply the currency volatility primarily, and secondarily a bunch of paper speculators that have nothing to do with the actual metal. I could show you a gold chart, and you might say the chart is volatile and be correct, but to say that gold is volatile would be incorrect. It is the currency, not the gold. You simply have fallen victim like so many others to the manipulation of definitions over the course of many years. My attempts to correct these common misconceptions might be construed as twisting, but what I am doing is untwisting. If you believe the new definitions to be more correct than the ones I deem to be correct then I completely understand where you are coming from, but you are wrong. Feel free to ignore information and believe what you want. All I care about is that other people know how real money works. It is currency that you are using to feed your family. I have explained the differences ad naseum so I will just leave it at that.[/QUOTE]
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