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ranbotrader
Membre depuis mai 2012
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More Dirt on the Bitcoin

- Hugo Salinas Price - Plata.com

Your comments sound more like a rabid dog foaming at the mouth than an informed response. A pity your mother did not take the time to teach you better manners and a little self control.
Money is a medium of exchange. Nothing more. It has no value as such. Gold used to be a medium of exchange a very long time ago, but it no longer is. Neither is bitcoin because it is accepted as such.
Your statements about governments and citizens hoarding gold are anecdotal at best as the price of physical gold is staying low. And before you go into rant mode again I appreciate that short sellers with vested interests may be at work and that governments and their central bankers make an artform out of lying so who knows.
Whilst we all hold some precious metals the question is 'how much'. Good luck if you are 100% gold. You'll truly deserve all that comes your way when the route starts and currencies fail.

Commenté il y a 3084 jours

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Début de l'article :Suppose someone wished to sell his house, way back in the 1890's when gold was used as money, and somebody came to that person and said, "I'll give you "x" ounces of gold for your house", and suppose the offer was accepted. This was a commercial operation, where goods traded hands - the owner of a house sold a house, and received gold; the other party delivered some gold and purchased a house. When, bygone days, a house was sold for gold coins, all that the seller had to regard was the quantity... Lire la suite

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