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Post a Comment On: Doug Ross @ Journal

"Sprott: Not to raise any alarms or anything, but you may want to buy some gold to protect against 'the inevitability of a collapse in the dollar'"

3 Comments -

1 – 3 of 3
Anonymous Anonymous said...

Can someone explain? If fiat currency (dollar) is going in the toilet, who in their right mind would sell you gold for dollars? Would they not protect their own interests by retaining all thet could?

9:41 PM

Blogger The Jack said...

It's acutally quite simple.

They sell you the gold at a bit *above* market value.

They also buy gold at a bit *below* market value.

So you sell a person X ammount gold at Y+A. But *you* can buy X ammount of gold at Y.

So your dollar profit is A. Which you then use to buy B ammount of gold.

B = X/Y*A

10:25 PM

Blogger Guava said...

Interesting content..

5:52 AM

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