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Re: Doubledown75 post# 46474

Monday, 06/28/2021 2:11:02 PM

Monday, June 28, 2021 2:11:02 PM

Post# of 107152
Money must also be an intrinsic store of value. True, the debt dollar loses value quickly but many like to have a lot of cash on hand in order to be 'liquid.' Gold and silver are stores of value, but too many see precious metal as an investment and to profit on it (or crypto) one must convert it into dollars each and every time which is always a hassle.

I like the idea of a gold-backed digital currency, but AABB is not that and it is not a store of value--it's a heavily pumped scam with no gold.

A nation of sheep will beget a government of wolves. — Edward R. Murrow