Re: Build more pages...or build more links?
I'm also in the more content area. It's obvious that your site is indexed already as you're asking "more pages or more links" so your new content will be found by Google through internal linking, and will add more weight to your existing pages and ranking. At the end of the day, links are mainly there for search engines and content is there for visitors, and you should build websites for visitors rather than search engines in my opinion.
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