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To: knarf

Okay, you sell your car for gold coins, good enough so far. Then what do you do with the coins? Do you put them in a box? No, more likely, your going to deposit them in a bank, or exchange them for some piece of paper somewhere down the line. That’s the part I can’t get past.


16 posted on 11/13/2014 9:02:40 AM PST by PUGACHEV
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To: PUGACHEV
The point of my comment is .. gold is tangible and there are people that will trade in/with gold because they know what they're doing

Just because I don't know how to deal in/with gold doesn't make it any less tangible.

19 posted on 11/13/2014 9:04:57 AM PST by knarf (I say things that are true .. I have no proof .. but they're true.)
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To: PUGACHEV

It doesn’t have to be physical gold. 100 years ago when most of the world was on the gold standard, paper money was exchangable for gold. Right the way up until 1914, you could go to the Bank of England, hand in a £1 note and get a 22 carat gold sovereign in return. It was a system that worked for over a century before it was usurped in favour of fiat currency which is based on nothing more than what the bankers and financiers say it is worth.


35 posted on 11/13/2014 10:34:41 AM PST by sinsofsolarempirefan
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To: PUGACHEV; knarf

Would you be happier if he melted them down and sold the gold as new bars without the ISIS stamp?


42 posted on 11/13/2014 3:31:10 PM PST by B4Ranch ( Refuse to live in fear of life or death.)
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