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re: Gold is a stagnant investment
Posted on 4/7/13 at 2:09 pm to Walking the Earth
Posted on 4/7/13 at 2:09 pm to Walking the Earth
Sure. I mentioned the great depression. Did people who had prepared with gold lug it out and start using it? How about during previous panics? I honestly want to know because I have a hard time finding a scenario where people stop taking currency yet are peacefully transacting like normal but with gold.
1
Posted on 4/7/13 at 2:12 pm to Teddy Ruxpin
FDR put the brakes on that when he was inaugurated by forcing a gold buy back.
That could take place in a future economic disaster, of course, but I think the general public would be a lot more resistant to such an order today.
That could take place in a future economic disaster, of course, but I think the general public would be a lot more resistant to such an order today.
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