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n. Illinois | fundamentally yes.
What no one can know is the timing,
Billions of dollars have been lost chasing the gold mirage over the enons.
The opportunity cost is never taken into consideration as you just wait holding an asset that generates zero income, That could be ruled illegal to hold in a heartbeat (FDR anyone?) that in the end if the worse happens its not the one with most gold that wins its the one with the most lead.
Collapse of the Roman empire lead to the dark ages but the collapse of the British empire lead to the American Empire where more people have been lifted out of poverty than ever before in the history of mankind in spite of all the errors America has made and will continue to make
My bet is that us in the baby boomer generation and our kids will pass before it happens. | |
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An interesting presentation on currencies
