purple_persuader Wrote:
Apr 04, 2012 10:16 AM
You should give your logic a little more scrutiny. You gave your argument away with this... is to effectively manipulate the price of gold in a ridiculous upward spiral...Gold (and silver..and other precious metals) being currency their is no price for it, the price is x amount of gold. As for the finite amount fallacy 1) Printed tokens is money? No it is a call on future earnings by whom?..Us. It's a tax on our future productivity, but really the misallocation that occurs as a result of manipulated currency will damage future productivity. 2) OK..let the value of gold in relation to goods and services go higher, then every bit of gold has more buying power, and thus it being finite is meaningless.