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<p>[QUOTE="sakata, post: 2734542, member: 23778"]I disagree that everything is the result of labor. Financial instruments certainly are not. FRNs definitely are not as the are produced simply by the FED deciding to create them out of nothing.</p><p><br /></p><p>Gold and silver are convenient forms of money but far from the only ones. They have stood the test of time much better than other forms. Your idea that a government can wipe our that value just does not hold up to the test of time. They can wipe out the value of paper gold (a very modern concept) and they can make it illegal to own gold, but that does change its value. (And don't try to define its value in terms of fiat as that is just artificial.) Gold and silver will still be there long after the dollar has met its demise.</p><p><br /></p><p>As I said, read that book I recommend. It will help you see the light.[/QUOTE]</p><p><br /></p>
[QUOTE="sakata, post: 2734542, member: 23778"]I disagree that everything is the result of labor. Financial instruments certainly are not. FRNs definitely are not as the are produced simply by the FED deciding to create them out of nothing. Gold and silver are convenient forms of money but far from the only ones. They have stood the test of time much better than other forms. Your idea that a government can wipe our that value just does not hold up to the test of time. They can wipe out the value of paper gold (a very modern concept) and they can make it illegal to own gold, but that does change its value. (And don't try to define its value in terms of fiat as that is just artificial.) Gold and silver will still be there long after the dollar has met its demise. As I said, read that book I recommend. It will help you see the light.[/QUOTE]
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