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January 5, 2012     


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Submitted by Michael Dewey
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Labor: the New Gold Standard: .ly/wJs4dT

Gold itself, still the most admired store of value, is not capable of transacting the needs of seven billion humans.  Total world supply is a sixty-foot cube.  Sooner or later, as soaring populations compete for declining farmland, gold would become worthless because it is not food.   

 

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