Your arguement here doesn't make sense. True, gold is a commodity, but it's value simply as a metal, strategic or not, has a miniscule global industrial footprint in comparison to it's massive monetary footprint. If it's simply strategic or industrial, why do central banks worldwide store it? And why does the USA have the largest stockpile in the world at 8000 tons? They don't keep nearly that much oil by comarison, which would be a much more important commodity compared to gold's industrial uses. It's largest stragetic value is as a reserve of money. Commodity? Yes, but the commodity of choice for storage of wealth for 5000 years of market transactions. You should read about the history of paper currencies sometime. And I don't mean just the dollar. Read about the continentals or the French assignats, or a number of others.
Obviously we could go on about this stuff forever, but I will get down off my soapbox now. The government won't confisticate my gold until they come to my house and figure out where I buried it, lol. I wish I had a solid gold tractor. I could be happy the rest of my days with one of those. :)
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Today's Featured Article - The Nuts and Bolts of Fasteners - Part 2 - by Curtis Von Fange. In our previous article we discussed capscrews, bolts, and nuts along with their relative hardness and thread sizes. In this segment we will finish up on our fasteners and then work with ways to keep them from loosening up in the field. Capscrews, bolts and nuts are not the only means of holding two parts together. When dealing with thinner metals like sheet tin, a long bolt and
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