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Old 11-27-2012, 14:09   #1271
Warp's Avatar
Join Date: Jul 2005
Location: NE of Atlanta
Posts: 30,539
Originally Posted by Glocksanity View Post
Argentina did not have the world's reserve currency. When the world decides to abandon the dollar as the sole reserve currency, gold will be used again for international settlements, and the only way that would work is for gold to get repriced at about $50,000 per ounce or so and then float, rather than stay at a fixed exchange rate per currency unit. So, gold holders are looking at a huge one time revaluation. For most, this is hard to put their head around. They suffer from normalcy bias and can't envision a paradigm shift of this magnitude.

So, there is still hope for a harem of slave girls...if you own enough gold now.
Won't happen.
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