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Posts Tagged ‘May 28 2008’

I came across this May 28, 2008 article by Gary North on LewRockwell.com, where he claims gold coins produced by U.S. and Canada aren’t money.

This is what monetary policy is in the United States and Canada. Both nations produce gold coins. They are not really coins. They are not counted in the money supply. But they look like coins. People can buy them.

That’s an interesting claim — considering they are legal tender! (as the U.S. and Canadian Mint state)

On July 19, I wrote about Gary North’s claim that 21 years is a “medium term” investment in order to justify gold’s embarrassing performance from 1980-2001.

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