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Originally Posted by PR_Glen
its not the same as other markets no, but it can still be over inflated. Especially when gold/silver isn't as rare as they claim it to be. Do you think diamonds are truly precious too?
As for having no confidence in the US dollar... try going to a grocery store and pay with gold coins, let me know how far that takes you... currency is a necessary means for civilized society, even the romans used it so it's not going anywhere anytime soon.
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Terrible argument. Fiat currencies aren't necessary, they're just the status quo which is why I'm not going to be paying for anything with my precious metals. Lol@civilized society though, considering fiat currencies have caused us great pains in the long run whereas commodity currencies have succeeded for millennia. Even in today's age, we can certainly have a fractional reserve commodity system.