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To: Sherman Logan
Not only that, look at the way gold is traded in the market today, it isn't just the true gold supply that is causing the wild price swings.

The value can drop 10-15% in a week. How the hell would a MFG know how to price his goods? Many products have over a year of lead time and a rather small unit product margin.

Ron Paul is a raving lunatic.

38 posted on 01/09/2012 7:45:06 AM PST by Beagle8U (Free Republic -- One stop shopping ....... It's the Conservative Super WalMart for news .)
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To: Beagle8U

I don’t claim to be an economist, but I assume if gold were monetized it would tend to damp price swings.

But maybe it would make them worse. Don’t know.


42 posted on 01/09/2012 7:50:39 AM PST by Sherman Logan
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To: Beagle8U
Not only that, look at the way gold is traded in the market today, it isn't just the true gold supply that is causing the wild price swings.

You've got it exactly backwards. Gold is stable, currency is not.

76 posted on 01/09/2012 8:20:02 AM PST by palmer (Before reading this post, please send me $2.50)
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