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Having a site for a long period of time can establish credibility with users, and as a search engine we also want to reflect this type of credibility. Of course, newer domains can also gain users and credibility. It seems like running a good site is a bit like running a reputable business. So yes, if your domain has been credible for years it can help. If you buy an old domain and put all your content on it in hopes of getting instant rankings, that’s not the best idea.
But, when the question was rephrased from another webmaster, Cutts answered: In the majority of cases, it actually doesn’t matter–we want to return the best information, not just the oldest information.

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