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Patrick Elliott wrote:
> Everything is, as I said, fait. If you can't eat it, wear it, ride it,
> build with it, or take shelter in it, its a fiat currency.
I don't think you understand the word "fiat" there. Gold coins aren't a fiat
currency, even though they're subject to inflation or other disruptions due
to gold supply or due to the general populace changing their mind about how
much currency is worth.
--
Darren New, San Diego CA, USA (PST)
"How did he die?" "He got shot in the hand."
"That was fatal?"
"He was holding a live grenade at the time."
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