Quote:
Originally Posted by SmokeyTheBear
the argument was why gold is usefull not if it is the best tool to use as a monetary storage device
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No, the original argument of thread was "lets go back to gold backed currency".
I posted counterarguments in my above posts.
Your usefulness of gold does not convince me that gold is optimal in today's monetary system, not gold itself and not currency that is virtually backed by gold.