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Old 10-14-2010, 03:09 AM  
Ethersync
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Join Date: Mar 2008
Location: London, Saint-Tropez, Bermuda, Moscow
Posts: 5,289
Quote:
Originally Posted by SpongeBub View Post
Tell me this - so you buy a bunch of gold, which you do not physically take posession of (few people do because they have no place to keep it) - it's just some numbers on a webpage. The economy crashes, everything goes to hell and the paper dollar becomes worthless. How do those numbers on a webpage actually help you survive?
Gold has been valuable to humans for close to 10,000 years. The bigger risk is that governments make possession of gold illegal again like they did during the Great Depression or they tax the shit out of gold sales (more likely).
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