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<p>[QUOTE=&quot;Cloudsweeper99, post: 169709, member: 3011&quot;]There is a very very simple answer to this problem of changing commodity prices.&nbsp; Just go back to the original arrangement whereby a dollar represents a specific weight in silver.&nbsp; It doesn&#039;t have to be 371.25 grains, as in earlier silver dollars.&nbsp; It can be anything but probably should be some value that is at least as high as the current price of silver just to get off to a logical start.&nbsp; Once a dollar, or $20, or whatever is defined as a WEIGHT of metal, that commodity price can never fluctuate in dollar terms.&nbsp; It wouldn&#039;t matter what the rest of the world did and wouldn&#039;t be any different from the present system of fluctuating paper currencies.</p><p><br /></p><p>Mexico is considering [but probably will reject] an equally sound system of reintroducing silver coins by (1) setting the legal tender value of the coin at the current price of silver, (2) periodically revaluing the legal tender value of the coins upward if silver increases in value, but (3) never decreasing the legal tender value of the coins if the price of silver decreases.&nbsp; This would work equally well and would permit the silver coins to coexist with fiat currency since it removes any incentive to melt the coins.[/QUOTE]</p><p><br /></p>

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