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06/05/20
19:08
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Originally posted by Skol:
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You don't really for a minute think that the Treasury or Federal Reserve would confiscate gold? Surely not...I mean that was 90 years ago, quite a bit of economic water has gone under the bridge since then. Gold forms no part of any economy of any country in the world. A few of them have stash of gold, but that's it. They also own farms, factories, postal services, railways, airlines, power stations and a multitude of other enterprises.
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Gold forms part of the economy in almost every country on Earth. It certainly does in Australia, US, China and India to name a few. Mining gold, refining gold, making gold jewelry and selling gold are all economic activities and they all make up part of the economy.