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Old 10 December 2017, 02:45 PM   #52
locutus49
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Join Date: May 2014
Real Name: John
Location: La Jolla, CA
Watch: Platona
Posts: 12,194
Dumbest post ever. Gold used to trade for a set price in America, something like $35 an once. Now it trades like a stock and the price varies wildly. This is known by virtually anyone with the most basic knowledge of investing.

Gold only has the value we assign to it, it has industrial and jewelry uses. But no intrinsic value.

Quote:
Originally Posted by pickettt View Post
The difference lies here; forget the numbers arbitrarily assigned as to its "dollar value" and realize that 1 ounce of gold will trade for exactly the same as it did one hundred years ago. Every other "currency" has been, or will be devalued.

Regarding Bitcoin, I'm not into it. However, buy low and sell high is a basic principle that can't be argued with. Though it's not for me, I wish success to everyone playing that game.
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