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View Diary: Gold, can we put it to rest already? (45 comments)

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  •  The price of gold is increasing (1+ / 0-)
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    joeshwingding

    based on simple rules of supply and demand. But in a gold-based economy, prices of goods and services would fall if gold production couldn't keep up with economic growth.

    "Societies strain harder and harder to sustain the decadent opulence of the ruling class, even as it destroys the foundations of productivity and wealth." — Chris Hedges

    by Crider on Thu Mar 14, 2013 at 03:12:39 PM PDT

    [ Parent ]

    •  true (0+ / 0-)

      because the price of gold would be rising.

      Just as the price of goods and services are rising due to the loss of purchasing power of the U$D

      •  Yah (1+ / 0-)
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        joeshwingding

        That's because the dollar is tied more to oil than it is to gold.

        "Societies strain harder and harder to sustain the decadent opulence of the ruling class, even as it destroys the foundations of productivity and wealth." — Chris Hedges

        by Crider on Thu Mar 14, 2013 at 04:21:15 PM PDT

        [ Parent ]

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