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Why Canada Is Dumping Its Gold and China Isn't: Stephen Mihm
newsmax.com ^ | 18 Mar 2016 | Stephen Mihm

Posted on 03/19/2016 1:19:15 AM PDT by Berlin_Freeper

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To: Ouderkirk

It’s used to make ormus to facilitate inter/extra- dimensional travel and elevated states of consciousness.


21 posted on 03/19/2016 5:42:39 AM PDT by Sirius Lee (Trump <s>Cruz</s> or Lose 2016)
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To: Hugin
 photo CFnVrpgmkKGrHqYOKocE0g0D3ObBNVtFbnbTQ_35.jpg
22 posted on 03/19/2016 5:44:46 AM PDT by Roccus (Fighting POLITICIANS is the true WOT)
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To: SkyPilot

A stock market crash at this point wouldn’t surprise me. Unfortunately I don’t know what the stock market (or anything else) will do for sure otherwise I would just invest or short with massive leverage and be rich.


23 posted on 03/19/2016 6:04:10 AM PDT by Ultima
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To: Ouderkirk

The reason gold is valuable is because it fits the criteria of what would be a good medium of exchange pretty much better than anything else. Silver is a close second though.

This article is somewhat good at explaining it. I could write such an article myself but it would take too much time.

http://chestofbooks.com/finance/banking/Money-And-Banking-Holdsworth/7-Qualities-Of-A-Good-Medium-Of-Exchange.html


24 posted on 03/19/2016 6:09:07 AM PDT by Ultima
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To: Ouderkirk

Sorry addendum...

Silver has basically all the same properties of gold except silver is also CRUCIAL for industrial and electronics use. If all the gold disappeared tomorrow nothing much would change. If all the silver disappeared we’d probably go back to the stone age as many electronics and industrial processes require silver.

I’m pretty sure both the price of gold and silver are artificially suppressed by governments for a bunch of reasons which should eventually result in the price of gold and silver going through the roof (especially silver).

I personally found this area of research to be interesting. Here’s a link if you want to pursue it further.

http://www.silverbearcafe.com/private/home.html


25 posted on 03/19/2016 6:20:15 AM PDT by Ultima
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To: TruthInThoughtWordAndDeed; Berlin_Freeper; Ultima; MCF; Petrosius
"Idiots"

Maybe.
Canada's gold production increased 29% in 2014, making them the world's 5th largest producer, right behind #4, the USA.
Canada's 2014 production was 160 "tonnes" of gold, which I'm guessing is worth circa $6 billion.
So, if they ever really need gold reserves, they'd just go out back to the gold "money tree", and shake it. ;-)


26 posted on 03/19/2016 6:22:57 AM PDT by BroJoeK (ea little historical perspective...)
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To: BroJoeK

The Canadian government can always buy gold. Canadians produce things of value that other countries want so indirectly they can buy gold.

The bigger issue is that having gold might be crucial in the future or near future and the government will have to pay an arm and a leg for it when that happens.


27 posted on 03/19/2016 6:27:50 AM PDT by Ultima
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To: Petrosius

Oh yeah, like other reserves in the ground like the Athabasca oil sands, off shore Hibernia, Kimberlite diamonds in open pit mines. Wait, salt mines in Godrich. Gold is cash, reserves are worthless till realize!


28 posted on 03/19/2016 7:02:03 AM PDT by existentially_kuffer
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To: Fhios

And plenty of ammo. :-)


29 posted on 03/19/2016 8:25:20 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: Berlin_Freeper

When the SHTF, gold will be pretty much useless. Water, food, guns and ammo will determine who lives and who dies.


30 posted on 03/19/2016 8:33:22 AM PDT by AlaskaErik (I served and protected my country for 31 years. Progressives spent that time trying to destroy it.)
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