de-facto gold standard
de-facto gold standard
Regardless, gold is not money in the US.
What is love?
Baby don't hurt me
Seven posts in a row
CAN'T MAKE SENSIBLE ARGUMENT
ASSERT UNRELATED SHIT REPEATEDLY
why is the government stockpiling that shit in fort knox then?
don't hurt me, no more
money is a medium of exchange and store of value
gold is used as a medium of exchange and store of value
You fucking moron.
Those fucking rocks are accepted as money on the Island of Yap JUST LIKE pesos are accepted as money in Mexico.
They are a store of value and a medium of exchange SOMEWHERE. That you're too fucking retarded to understand that the SOMEWHERE has to be HERE for something to be considered money HERE, only shows how much of a willfully ignorant moron you can be that you can't get the point even when your idiocy is laid as bare as it has in those "7 posts in a row".
http://www.google.com/finance?q=NYSE:ABX
http://www.google.com/finance?q=NYSE:NEM
http://www.google.com/finance?q=NYSE:KGC
if there was a speculative bubble in gold, these stocks would be a whole lot higher
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