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Why Gold-Backed Currencies Help Prevent Wars
By Ferdinand Lips - October 14, 2002
The context I will start my talk with an allegation. You have gathered here for a specific reason. You have come be­cause the gold standard was given up in 1914 at the beginning of World War I.
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A single ounce of gold (about 28 grams) can be stretched into a gold thread 5 miles (8 kilometers) long.

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