How do you sell gold?
Wouldn’t gold be more valuable to a country than whatever they exchanged it for?
posted on 12/10/2013 7:40:51 PM PST
(Romans 8: verses 38 and 39. "For I am persuaded".)
When you are starving, food becomes more valuable than gold.
posted on 12/10/2013 7:42:20 PM PST
(Zero thanks to all who stayed home and helped elect Acorn lawyer Zero.)
posted on 12/10/2013 7:43:14 PM PST
(Extra Large Cheesy Over-Stuffed Hobbit)
They might only technically be “selling” the gold. They may be paying for the importation of necessities with it because they have no cash.
posted on 12/10/2013 8:23:59 PM PST
(Read Hazlitt's Economics In One Lesson ONLINEhttp://steshaw.org/economics-in-one-lesson/)
Country’s sell gold all the time to accumulate foreign exchange reserves. In this case it will be Chi com Yuan. It’s like an old lady selling the family silver for a bag of groceries....
posted on 12/10/2013 8:48:31 PM PST
("Send them back your fierce defiance! Stamp upon the cursed alliance! To arms, to arms in Dixie!)
“Wouldnt gold be more valuable to a country than whatever they exchanged it for?”
Unless you’re buying food from a country that has a surplus.
posted on 12/10/2013 9:06:07 PM PST
(Cat Nipman: Vote Republican in 2012 and only be called racist one more time!)
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