GOLD IS A FIAT CURRENCY



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In 2010, aangirfan wrote: GOLD PRICE TO FALL

In 2011, aangirfan wrote: GOLD $700 AN OUNCE

Fiat currencies, such as the dollar or the pound, have a value.

This value can be zero.

A fiat currency has a value only because a government, or some other authority, says it has a value.

Dollar bills are pretty much intrinsically useless and valueless, unless you want to use them as wallpaper.

A successful factory or a farm has a real value.

They have a value because they produce things which people want to buy.

Gold is more or less a fiat currency. 

Unlike some other metals it has very little intrinsic value.

Like the Dollar, Gold is only 'valuable' so long as people collectively agree that it is valuable.

Gold is a 6000-year bubble - Citi

If you are going to invest, be wary of fiat currencies such as gold.

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Google News is trying to hide the UK child abuse scandal, which could cause a collapse in the Pound.

PRINCESS DIANA AND LEON BRITTAN

JERSEY INQUIRY

SUFFOLK - CENTRE OF CHILD PROSTITUTION

Anonymous writes:

Anyone else noticed that Jihadi John has the same voice as Michael Adebolajo? 

He even holds the knife in the same way?

WOOLWICH FALSE FLAG - LATEST.



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