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<p>[QUOTE=&quot;fatima, post: 1076341, member: 22143&quot;]Actually in lawful money, this would be dollars issued directly by the US Treasury and not the Federal Reserve, the dollar is currently defined to be equivalent to 0.238095 ounces of gold.&nbsp; If you invert this, it means an ounce of gold is equal to $42 in lawful money.&nbsp;&nbsp; This definition has existed since 1971 and is currently listed on the Federal Reserves balance sheet as the value of the US issued gold certificates that it holds in reserve.</p><p><br /></p><p>Silver is no longer plays a role.[/QUOTE]</p><p><br /></p>

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