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Media Lunacy: Gold Is Backed By Nothing, Unlike the US Dollar Which Is Backed by the US Govt

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Published : October 04th, 2011
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( 4 votes, 3/5 ) , 2 commentaries
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FOLLOW : Federal Reserve
Category : GoldWire

 

 

 

 

We have no words to express the sheer lunacy of the following report:


There’s something else happening here. Some investors are not confident with what gold is backed by, or if it’s backed by anything at all, as compared to something like the US dollar. Investors are comfortable that the U.S. dollar is backed by the America government, so no matter what is happening to the American economy, something like the U.S. dollar is backed by the Federal Reserve that’s going to be around a year from now. That’s a much more comfortable investment for them.




Hat tip BJ

Author: Mac Slavo
Website:
www.SHTFplan.com published  here

 

 







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Gold has intrinsic value, no counterparties, centuries of accceptance, hard to inflate it/make much more, durable, divisible, acceptable medium of exchange, REAL money! Any more questions?
Wrong. Gold is backed by the centuries old faith of it's investors whom it has never let down. If in doubt reread your history or existing records.
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Wrong. Gold is backed by the centuries old faith of it's investors whom it has never let down. If in doubt reread your history or existing records. Read more
Papli - 10/6/2011 at 1:54 AM GMT
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