Message:

<p>[QUOTE=&quot;fatima, post: 1413708, member: 22143&quot;]Except that there is no logic to this conclusion.&nbsp; People were not storing gold in those days because the defined price of gold/ounce was $20.&nbsp; Period.&nbsp; It did not go up, it did not go down.&nbsp;&nbsp; Why would people horde something that never changed in price?&nbsp;&nbsp; Furthermore, the government did not end silver ownership.&nbsp;&nbsp; Anyone with a $20 gold piece could get 20 silver dollars instead and they could do that even with a FRN.&nbsp;&nbsp; This conversion lasted for decades.&nbsp;&nbsp; </p><p><br /></p><p>The mistake in your logic is that you are taking current conditions where we are on the last stages of fiat currency and attributing to them to the time when people were beginning to be forced onto said currency off sound lawful money.[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in