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How much was a gold $20 Double Eagle worth in the late 1800s?
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<p>[QUOTE="fiddlehead, post: 6167054, member: 31286"]I assume you meant "why can't we buy them for $20?" Of course this is one of the major reasons why precious metal standards for currency and precious metal coin issues were discontinued. As communication about markets, globally really, improved, the ability to trade government issued coins for more than their face value quickly got out of control. It would be crazy to be connected to precious metal values today with the flocculation in the markets monitored by the second. It's a lovely idea, but way not possible in any practical sense. What has been the value range of bitcoins over the last year! Haha, if we still had silver certificate currency all of your dollar bills would have doubled in value - but only if you traded them in, and what would happen to the US treasury if everyone suddenly wanted to do that? Wow![/QUOTE]</p><p><br /></p>
[QUOTE="fiddlehead, post: 6167054, member: 31286"]I assume you meant "why can't we buy them for $20?" Of course this is one of the major reasons why precious metal standards for currency and precious metal coin issues were discontinued. As communication about markets, globally really, improved, the ability to trade government issued coins for more than their face value quickly got out of control. It would be crazy to be connected to precious metal values today with the flocculation in the markets monitored by the second. It's a lovely idea, but way not possible in any practical sense. What has been the value range of bitcoins over the last year! Haha, if we still had silver certificate currency all of your dollar bills would have doubled in value - but only if you traded them in, and what would happen to the US treasury if everyone suddenly wanted to do that? Wow![/QUOTE]
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