FLAC to WAV and then WAV to FLAC again?

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Tobes

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Gents, I know that FLAC is compressed but lossless and WAV is uncompressed. If I convert FLAC to WAV the file size increase nearly double. Now my question, if I convert the same WAV album back to FLAC to decrease the file size again, will I lose quality? Or won't it make any difference?
 
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