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Germany also continues to take back gold.
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Posted 11/22/2014 20:31 (#4194967 - in reply to #4194886)
Subject: RE: Missing the Point

S Illinois
But how will you value your hedge against anything if all fiat currencies fail? If the dollar goes away, you still need a fiat currency to trade in because no one will do business in gold bars or even coins. One reason that gold has worked ok in countries experiencing massive inflation was the fact that there were other curriencies that held their value. What currency will a person turn to, to trade the gold in on to actually buy tangible assets or needs.

The other question is how do we determine what the real value of gold is? Is a hedge that is subject to constant price changes that are of magnitudes larger than any major fiat currency, really that good of hedge? It would be like buying insurance, but having it subject to daily fluctuations on what it will pay out.
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