Quote:
Originally Posted by ExNYer
And you want us to rely on gold instead of the Fed why, exactly?
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The Seven Characteristics of Money
The Difference Between Money & Currency
(1) It must be durable.
(2) It must be divisible.
(3) It must be convenient.
(4) It must be consistent.
(5) It must possess value in itself.
(6) It must be limited in the quantity that is availability.
(7) It should have a long history of acceptance.
Only GOLD and SILVER fit all seven characteristics.
Gold 10 Year Chart
Silver 12 Year Chart
(5) - The Dollar does not possess value in itself. Therefore, it is not Money it is Currency.
Central Bank Gold Holdings -
http://www.gold.org/
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No More Safe Havens, Avoid Counterparty Risks
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]Bailout Acronyms Since 2007
TARP, TALF, TSLF, PDCF, AMLF, TAF, FSP, PPIP, PPPIP, CPFF, QE1, QE2,
QE-OE & Operation Twist 1, 2 & 3. One Bailout After Another.
ZIRP - Zero% Interest Rate Policy
Gold Counterfeiting Goes Viral: 10 Tungsten-Filled Gold Bars Are Discovered In Manhattan
