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sp332
on Aug 3, 2012
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1 Bitcoin Worth 10 USD
Nope. As more gold was mined during gold rushes, the value of gold decreased. As people found more uses for gold and demand outstripped supply, the value increased. And of course the relative value of gold and silver changes over time.
Symmetry
on Aug 3, 2012
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Particularly, the discovery of the New World with all the gold there caused some huge disruptions in the Old World economy.
jimktrains2
on Aug 3, 2012
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Makes sense.
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