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0 pointschristophilus1y ago0 comments

> If we were suddenly totally awash in gold, I guess the price would go down.

Yes, and this has happened at least twice in history: when Europeans discovered the Americas and moved a bunch of gold into Europe, and when Europeans discovered World Wars and moved a bunch of gold back to the Americas.

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Mistletoe1y ago

https://static.seekingalpha.com/uploads/2008/1/7/cngold106bi...

This is a neat chart.

ttyprintk1y ago

Yet 75% of all gold was mined after 1965, and that chart doesn’t seem to notice.

PaulHoule1y ago

Europeans stole so much gold from S America it messed up the economy in China.

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