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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

‘You can print money as much as you like but you can’t print gold’

Posted on 16 October 2012

A quote from a Swiss gold refiner/trader puts the case for gold as sound money very succinctly and coupled with the suggestion that it is a Giffen good, bodes well for further price rises.
The title of this article is very much a truism which says much about the position gold has held as an international standard for many centuries and why, ultimately, it will hold its position as the monetary yardstick against which all global currencies in this fiat money world will ultimately be measured, and fail to pass muster………………………………………..Full Article: Source

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This post was written by:

VRS - who has written 34604 posts on Opalesque Commodities Briefing.


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