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Inflation is Tax
May 2, 2023 21:05:14   #
Dennis833 Loc: Australia
 
Gold is real money and the value of paper money is going down. A discussion between Jordan Peterson and Peter Schiff. Watch the first part to understand how governments are taxing us with inflation.
https://www.youtube.com/watch?v=Bbi-_nn4zaw&ab_channel=JordanBPeterson

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May 3, 2023 21:21:01   #
jcboy3
 
Dennis833 wrote:
Gold is real money and the value of paper money is going down. A discussion between Jordan Peterson and Peter Schiff. Watch the first part to understand how governments are taxing us with inflation.
https://www.youtube.com/watch?v=Bbi-_nn4zaw&ab_channel=JordanBPeterson


No, it is not.

Gold is not real money; it's a mineral that has use.

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May 4, 2023 17:54:42   #
Dennis833 Loc: Australia
 
You are correct. I should have said gold holds its value and is not devalued by inflation like money.

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May 4, 2023 18:20:33   #
jcboy3
 
Dennis833 wrote:
You are correct. I should have said gold holds its value and is not devalued by inflation like money.


Gold doesn't hold value; it fluctuates, sometimes quite severely.

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