"The Price of Gold is Arbitrary"Friend Of FOFOAOct. 16, 2010 |
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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. Read More |