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Gold
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Author | Message |
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skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
US pennies are copper covered Zinc. IIRC they are 97% zinc. also IIRC the sinc in the coins is now becoming more valuable. what's the next cheapest metal? In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
Not entirely sure Skil, but congrats upon the 100 Mill combined :-) Thanks I knew I was getting close but hadn't realize I passed it. In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
betreger Send message Joined: 29 Jun 99 Posts: 11354 Credit: 29,581,041 RAC: 66 |
Why is Putin stockpiling gold? Guy, he's speculating you or someone will trade it for something of more value in the future. |
skildude Send message Joined: 4 Oct 00 Posts: 9541 Credit: 50,759,529 RAC: 60 |
The old soviet union stockpiled gold and other valuable items. I assume to sell or barter with if needed. Note that the old soviet system failed in part because of a lack of income/revenue all the while still having massive material wealth Putin is a creature of the old system. nuf said In a rich man's house there is no place to spit but his face. Diogenes Of Sinope |
BarryAZ Send message Joined: 1 Apr 01 Posts: 2580 Credit: 16,982,517 RAC: 0 |
Another reason is that perhaps his view of political power and how to obtain it and retain it is close to a select group of people, including those in the West. Why is Putin stockpiling gold? |
Sarge Send message Joined: 25 Aug 99 Posts: 12273 Credit: 8,569,109 RAC: 79 |
Why is Putin stockpiling gold? Actually an interesting read. |
W-K 666 Send message Joined: 18 May 99 Posts: 18996 Credit: 40,757,560 RAC: 67 |
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BarryAZ Send message Joined: 1 Apr 01 Posts: 2580 Credit: 16,982,517 RAC: 0 |
Guy. another consequence of returning to the gold standard would be the catastrophic collapse of the world economy. Perhaps that is one of the factors behind the 'political environment' -- it may be that the number of people who really want a world economic collapse are quite few. |
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