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Citigroup Chief Economist GOLD is Effectively SHINY BITCOIN

Monday, January 26, 2015

economist Dillon powder 22 alluding gun and gold everywhere he says he precious metal is in a 6000 your bubble and liking the commodity to Bitcoin other commodity the only thing that comes close to it or Bitcoin and similar digital currencies from the earth end to respond to a reasonable degree purity there is no cost it is costly to store it as his remaining uses as a producer of goods from all industrial uses expensive and intrinsically until the risk of serious inflation is completely removed medium-term store of value in the Bible that bubble may well be good for another 6,000 years its value may go from $1,500 to $1,500 to $1,500 or $5,000 for money in something whose value is based on nothing more than a set of still confirming believe will need for an exciting exciting ride in his employer city decided to open debate on gold intrinsic value last week ahead of Central Bank's decision Switzerland was going to
see if gold based on a proposal which stipulated that the National Bank Holdings 20% of its overseas gold holdings and never sell bullion is future the proposal was voted down over the weekend by 77% of the electorate​  commodity Percy Jackson Sea US dollar in Euro the pound any or all Fiat paper currencies daughter says the main differences between them are the gold like Bitcoin is very costly to produce auction of additional paper money has an extremely low marginal cost wasn't that I am sitting on the sidelines for however I do appreciate that are Frank and piercing insights may be a good friend Peter ship would like to go on without her that I would pay a large amount of fiat currency today​

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