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<p>[QUOTE="QuintupleSovereign, post: 8499339, member: 94957"]The broader point is that the paper gold certificates were supposedly redeemable for gold coin, if the text on the bills is to be believed. At the end of the day, the government was unable to keep that promise; hence, the devaluation of the dollar, confiscation of monetary gold, etc.[/QUOTE]</p><p><br /></p>
[QUOTE="QuintupleSovereign, post: 8499339, member: 94957"]The broader point is that the paper gold certificates were supposedly redeemable for gold coin, if the text on the bills is to be believed. At the end of the day, the government was unable to keep that promise; hence, the devaluation of the dollar, confiscation of monetary gold, etc.[/QUOTE]
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