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by sopooneo
4147 days ago
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I'm not a gold bug either, but I think there is a flaw in your example. The owner of the shirt might be worried about the eventual devaluation of the dollar, but trust its short term stability enough to believe the risk would be worth it to trade their shirt for lots of fiat currency, and immediately use the fiat currency to buy 30 shirts. They took a small short-term risk to increase their tangible goods by 300%. |
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