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<p>[QUOTE=&quot;Vess1, post: 2152508, member: 13650&quot;]This could be done as a novelty and used as a way to appease the gold/silver bugs, but way too much hassle to do on a large scale.&nbsp;&nbsp; The market is extremely volatile affected by a global market.&nbsp; Not just what&#039;s going on here.&nbsp;&nbsp; Gold could hit $2500 next year.&nbsp;&nbsp; Then by the time they got around to adjusting the values and changing everything it could plunge to $1k.&nbsp; </p><p><br /></p><p>&nbsp;&nbsp; Gold and silver were hoarded going back to the Civil war.&nbsp; It&#039;d be a complex thing to do now, and it&#039;s not going to happen with this country in it&#039;s current form.&nbsp; </p><p>&nbsp; - The govt doesn&#039;t want the hassle or new expense.</p><p>&nbsp; - They hate any way for drug dealers to launder large amounts of money.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; - The population has become far too large.&nbsp;&nbsp; (Back in the day when they made gold for circulation, most people who lived through those times never saw a single example in person their entire lives.&nbsp; Much less used them for commerce.)</p><p><br /></p><p>&nbsp; -&nbsp; Most of the population would be too confused to understand the change.</p><p>&nbsp; - It&#039;s cheaper to make stacks of bills and assign them a value</p><p><br /></p><p>&nbsp;&nbsp; If you make the coinage with such a small fraction of actual PM compared to face, there&#039;s no point.&nbsp;&nbsp; If you try to make them worth the PM value, the market is too volatile for them to circulate in time.&nbsp; Neither option works or makes sense.&nbsp; &nbsp; A one ounce silver coin worth $500 is a counterfeiter&#039;s dream.&nbsp;&nbsp; God knows we don&#039;t need them to have another way of debasing what we have. </p><p>&nbsp;&nbsp; &nbsp; Besides that, even in the hay day of silver dollars when they were making millions every year for use, they didn&#039;t circulate well, if at all.&nbsp; They sat in mint bags and eventually hundreds of millions were melted.&nbsp; </p><p>&nbsp;</p><p>&nbsp; I think if they had the technology, knowledge and capability to make coinage the way we do today, they probably would have started doing it 200 years ago.&nbsp; What has happened was inevitable and it just took time to evolve.&nbsp;&nbsp; Clad dimes, quarters and nickels serve their purpose as intended and nobody hoards them for their value.&nbsp;&nbsp; There&#039;s no shortage.&nbsp; Not worth the trouble of counterfeiting.</p><p><br /></p><p>&nbsp; This isn&#039;t to say that silver and gold aren&#039;t recognized on the side as being a more desirable store of real wealth.&nbsp; &nbsp; It just doesn&#039;t have a place in daily commerce and hasn&#039;t for longer than most realize.</p><p><br /></p><p>&nbsp;&nbsp; &nbsp; Frankly, I&#039;m surprised things are still the way they are today.&nbsp; &nbsp; </p><p>&nbsp;&nbsp; If the powers that be could snap their fingers and have every penny of every transaction tracked electronically, they&#039;d do it tomorrow.&nbsp;&nbsp; Some day there&#039;ll be a push to go there.&nbsp; &nbsp; Every govt entity is desperate for revenue and they know they&#039;re missing out on a lot out there.&nbsp; &nbsp; They&#039;re not anxious to find new ways for people to trade for goods and services under the radar.&nbsp;&nbsp; They&#039;re looking to eliminate ways to do this.&nbsp; </p><p>&nbsp; In spite of this, not all is lost.&nbsp; As we still have some freedoms left to do as we wish with what exists.&nbsp;&nbsp; I know of a podcast that the host will accept silver as payment for membership.&nbsp;&nbsp; Other people do too.&nbsp; &nbsp; Collectors trade bullion for coins and coins for bullion all the time.&nbsp;&nbsp; Nobody forces you to take cash or electronic payment.&nbsp; I&#039;m satisfied with that.&nbsp;&nbsp; The option is still there for people to do whatever they want, but as far as making it standardized, I don&#039;t think there&#039;s a way or a valid reason to do it.</p><p><br /></p><p>&nbsp;The monetary system has evolved into something that is full of it&#039;s own problems that PMs can&#039;t solve.&nbsp; We have a system that is functional for no other reason but that it HAS to be for 300+ million people to survive.&nbsp;&nbsp; Most of my monthly bill transactions take place in cyberspace now.&nbsp; Nothing physical comes in or goes out.&nbsp; Not even a check to deposit.&nbsp; Just numbers changing in the computer.[/QUOTE]</p><p><br /></p>

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