Quote:
Originally Posted by The Demon
Gold has been the central medium of exchange and store of wealth for millennia, so people will always find a way to trade it.
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How did it do during the great depression and depressions/recessions before then? If you can't exchange it, it has no value.
Exchange wise, or movement of anything with value, produces wealth. If it's gold, stocks, money, or chickens... as long as you can move it - wealth is produced, if it can't be moved/traded/exchanged to keep the 'flow' going, it has no value.
Gold has value because people are buying it...(money is moving) the amount of money in gold does not equal the actual amount of gold people can get. It's value is fake.