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This guy doesn't like precious metals.
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<p>[QUOTE="Troodon, post: 1635844, member: 4626"]Because silver and gold are fungible commodities that trade on the open market; there's too much total supply being freely traded all over the world for any one government to manipulate the price and value of them, even if they were so inclined. Besides which you give them too much credit if you think they'd try to manipulate the price of precious medals to improve confidence in their troubled currencies. If that had that much foresight, they'd adopt monetary policies to keep them from becoming troubled in the first place, not to mention that any attempt to hide the problem in this matter would be counterproductive as it would only serve to call attention to the problem you're asserting they're trying to hide.</p><p><br /></p><p>The easiest way to disprove a conspiracy is to show that the supposed conspirators are too incompetent to pull it off (exactly the argument I use against the 9/11 truthers and other conspiracy theorists lol...).</p><p><br /></p><p>It's worth noting that if countries' governments wanted to shore up confidence in their currency by buying up precious metals to back them up, that would drive up the prices, not lower them. Not a single country in the world does this anymore; all currencies in the world currently are fiat currencies backed up by nothing other than the faith and credit of the issuing countries. Not only is there no evidence that any country's government is doing anything to manipulate precious metal prices, there's no evidence that any of them even want to. (No country wants its hands tied by backing their currency with gold because it constrains monetary policy too much.)</p><p><br /></p><p>To be fair it might be a good idea for governments to start doing what you think they're doing. But there's no evidence that any of them are that smart.[/QUOTE]</p><p><br /></p>
[QUOTE="Troodon, post: 1635844, member: 4626"]Because silver and gold are fungible commodities that trade on the open market; there's too much total supply being freely traded all over the world for any one government to manipulate the price and value of them, even if they were so inclined. Besides which you give them too much credit if you think they'd try to manipulate the price of precious medals to improve confidence in their troubled currencies. If that had that much foresight, they'd adopt monetary policies to keep them from becoming troubled in the first place, not to mention that any attempt to hide the problem in this matter would be counterproductive as it would only serve to call attention to the problem you're asserting they're trying to hide. The easiest way to disprove a conspiracy is to show that the supposed conspirators are too incompetent to pull it off (exactly the argument I use against the 9/11 truthers and other conspiracy theorists lol...). It's worth noting that if countries' governments wanted to shore up confidence in their currency by buying up precious metals to back them up, that would drive up the prices, not lower them. Not a single country in the world does this anymore; all currencies in the world currently are fiat currencies backed up by nothing other than the faith and credit of the issuing countries. Not only is there no evidence that any country's government is doing anything to manipulate precious metal prices, there's no evidence that any of them even want to. (No country wants its hands tied by backing their currency with gold because it constrains monetary policy too much.) To be fair it might be a good idea for governments to start doing what you think they're doing. But there's no evidence that any of them are that smart.[/QUOTE]
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This guy doesn't like precious metals.
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