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Originally posted by c1172558
Internet conspiracy theorists have been predicting the death of the dollar for over a decade.
It is a propaganda tool designed to sell gold and silver. You notice that almost every conspiracy show (even Glenn Beck) is propped up by a gold company.
If gold was so great, it would have been bought up by the rich guys by now. The value of gold and silver never goes up. It only stays the same.
Gold and silver cannot be used for anything. They are just lumps of metal. We know the supply of them, so they will always be the same value.
One of the biggest buyers has been Soros Fund Management LLC, which oversees about $25 billion. George Soros, who made $1 billion breaking the Bank of England’s defense of the pound in 1992, described gold as “the ultimate asset bubble” at the World Economic Forum’s January meeting in Davos, Switzerland. Buying at the start of a bubble is “rational,” he said. Soros Fund Management sold 341,250 shares of the SPDR Gold Trust, the largest ETP backed by bullion, in the second quarter, according to an Aug. 16 Securities and Exchange Commission filing. That still left a holding of 5.24 million shares, equal to almost 16 tons. Soros declined to comment on the change, through a spokesman.