"The Price of Gold is Arbitrary"

Friend Of FOFOA
Oct. 16, 2010

The price of gold has nothing to do with gold's value, but rather the nature of the currency you are using to price it.

Currency is a thought, nothing more. An abstraction. It produces no output, but functions to lubricate the real things that do. Gold just is. A physical, tangible, real thing, with a long history of use as money. It is real.

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