User talk:203.164.254.45

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It might not have been your intention, but you recently removed content from Talk:Gold as an investment. Please be careful not to remove content from Wikipedia without a valid reason, which you should specify in the edit summary or on the article's talk page. Thank you. --PeruvianLlama(spit) 02:19, 9 September 2006 (UTC)

I removed some text that repeats a common fallacy. I updated the discussion page with my reason, I'll repeat that reason here:

I removed the section of text that implied John Maynard Keynes held the opinion that using gold as a banking reserve was an outdated concept. He in fact stated that the 'gold standard' was a 'barbarous relic'. The gold standard being a currency conversion system created before WWI that fixed the currency conversion rates between participating nations. After WWI updated currency conversion rates were needed. This is why Keynes particpated in the creation of the IMF and Bretton Woods agreement. Of course now we've moved away from fixed rate exchange systems (a barbarous relic) to floating exchange systems.