Staying on top means Global Sources will need to continue to expand its line of value-added services, which competitors will have a hard time matching.

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In addition, wealthy individuals avoid this tax by either matching gains with losses, or simply not selling an asset whose value has gone up.

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The inability of a bank in a 100% reserve system to lend multiples of the value of my gold places a natural and desirable limit on the demands for goods and services beyond those matching my deferred consumption.

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