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Jan Nieuwenhuijus: Gold is the most stable currency
12:10p ET Thursday, September 3, 2020
Dear Friend of GATA and Gold:
Voima Gold researcher Jan Nieuwenhuijs today disputes a recent video produced by metals consultancy CPM Group that asserts that gold's value declines over time just as the value of government currencies does.
Nieuwenhuijs writes: "If gold didn't retain its purchasing power, why would long-term investors and central banks store it in their vaults for decades?
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"Hardly is gold used for industrial applications, so, again, why hold large stocks of gold if it would lose its value over time?
"The truth is that gold retains its value, and the stability of gold's purchasing power in the long term is the main reason to own it."
Nieuwenhuijus' commentary is headlined "Gold Is the Most Stable Currency" and it's posted at Voima Gold here:
https://www.voimagold.com/insight/gold-is-the-most-stable-currency
CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org
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