Can a coaxial RCA S/PDIF cable be used as an analog RCA cable for my older

NYCcadillac

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stereo system components? Like my reel to reel players and older CD players? I have heard they can but just wanted to double check before spending $50 to upgrade my stereo cables. Thanks.
TV guy - Of course standard RCA cables are cheap, because they're crap! I want high quality coaxial cables with gold plated ends. I'll never replace my 70s receiver so I may as well have the best cables possible for it. By the way, I'm buying a bunch of high quality 4.5 ft coaxial S/PDIF cables with gold ends for only $3 each!
 
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