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Thursday, June 28, 2012 10:58:01 PM
I don't understand how that could make any sense at all. Gold may be the only "real money" BLA BLA BLA but if they did this when gold was $1900 where is that collateral now? Treasury bills have actually gone up in value (of course if interest rates went up they could have gone down just as easily )
Unless they peg the dollar to gold it doesn't make any sense. If they do peg the dollar to gold (ain't gonna happen) then there is no potential appreciation in gold except for speculation in times of stress.
Toofuzzy
Take the road less traveled. It will make all the difference.
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