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It's the threat of counterfeit that would drive people away from using dollars as money, not that gold in of itself would be more preferred than dollars.

Precisely. Under this scenario the velocity of greenbacks goes up while for gold it remains stable.


by Luis de Sousa (luis[dot]de[dot]sousa[at]protonmail[dot]ch) on Sat Dec 31st, 2011 at 05:40:01 AM EST
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