I imagine a world where gold is valueless or not valued as much. Makes the fuss over it for decades kind of a joke.
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I imagine a world where gold is valueless or not valued as much. Makes the fuss over it for decades kind of a joke.
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Decades? Try thousands of years.
Few people remember that aluminum use to be the metal of royalty even though it was plentiful. The problem was extracting it.
Gold has maybe 30 years left in my estimation.
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This makes me question the call by many for the return of the gold standard given this information.
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Yeah, that's a silly idea
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Ironic that they make that call on a medium that came from fiat. People do not realize that if we still were on the gold standard, we would be still living life the 1950s.
Innovation came as a result of expanding the money supply globally. An elastic money supply is vital for a variety of reasons, not just fending off recession.
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