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<p>[QUOTE=&quot;medoraman, post: 4301518, member: 26302&quot;]Yes sir, long time. Good to see you back.</p><p><br /></p><p>IDK man. I have a hard time saying a FRN is a store of value. Maybe a US bond could serve as store of value and medium of exchange, but thinking back to when money was invented. The gold or silver would not go down in value, even if they debased current coinage. The older coins always had their PM value, so retained original purchase power.</p><p><br /></p><p>It has been MUCH longer than people think though that this has been true. When the US had silver dollars, I bet most here don&#039;t know there was NOT a dollar worht of silver in them. They had some value, but not a dollar of melt value most of the time. So even US PM coins were not STRICTLY ancient model &quot;money&quot;. So it might have been much longer since old school, STRICT definitional money circulated. Maybe it lasted only a few centuries before it got derailed.[/QUOTE]</p><p><br /></p>

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