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<p>[QUOTE=&quot;-jeffB, post: 3896717, member: 27832&quot;]I think you&#039;ve stretched that definition past its breaking point.</p><p><br /></p><p>The US Mint will take those FRNs and sell me a bag of cents for them, too, but that doesn&#039;t define a zinc-backed currency.</p><p><br /></p><p>When the price of gold goes up, the Mint promptly (well, as of the following Wednesday) demands more FRNs for each gold coin. Same thing for platinum and palladium. When the price of gold goes down, the coin prices drop as well.</p><p><br /></p><p>This isn&#039;t a gold-backed currency. This is an organization selling gold and silver coins, and <i>pricing</i> them in terms of a currency -- the same way nearly every other item sold in the US is <i>priced</i>. And those prices <i>fluctuate as metal prices fluctuate</i>, just like gas prices fluctuate as oil goes up or down.[/QUOTE]</p><p><br /></p>

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