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Mogambo nuggets - 1

And if you believe that there are such things as "lessons of history", then as price inflation heats up and up, as the value of the dollar goes down and down, gold will go up and up, just like it has all the other times in history when somebody's stupid government caused too much money to be created. And especially those times when the "too much money" created is not just by literally printing up cash with paper and ink, but creating the money from debt! Hahaha! But now, this one time in history, you think gold is going to go down as a result? Hahahaha!

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You will, theoretically, seemingly make a lot of money on this ***** trade, but that is just an example of "money illusion"; you THINK that you made money because you bought low and sold high, but remember; it is still only a damned *****! And now the "money" you think you "made" only offsets the loss in buying power that your money has suffered. And to make it worse, you are actually a loser, since you have to pay taxes on your nominal "gain"!

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And you want to hear something else? You know those credit cards where they give you, the card holder, "up to 5% cash back" for each time you use the credit card? Well, guess what? They charge the 5% cash back to the retailer! And, in the real world, just to keep from going bankrupt the retailer has to start charging higher prices,..... immediately recognize as price inflation. The thing that has always destroyed currencies, people, economies and countries.
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Source: Kitco

:) Falkor

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