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Monday, October 20, 2008

Role of Gold in the Future

For thousands of years gold has been a store of value and a medium of exchange. You can dig a hole and bury a gold coin and thousands of years later it is still there ready for use. When the worthless pieces of paper are no more, gold will still be there. The future price of gold will be much higher because the US gov is printing money like the old German Weimar republic. People in the future will use gold once again as a medium of exchange.