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<p>[QUOTE="Cloudsweeper99, post: 712820, member: 3011"]Predictable response. You accept the fact that over time, the cost of living goes up and the purchasing power of the dollar goes down. But you can't accept the notion that it should even be attempted to circulate a coin that basically retains its historical purchasing power relative to the depreciating currency. Over time, gold and silver prices will rise relative to the Federal Reserve Note whether you like it or not. It makes perfect sense to experiment with the system and try to tweak it a bit so that people other than central bankers and speculators can participate.</p><p><br /></p><p>But what I posted was not really for you or the other naysayers since the response was predicted. It is for the fence-sitters and open minded folks to examine and draw their own conculsion. I enjoy the study of the mechanics of how the old gold system worked and how a hard money system might be implemented or partially implemented today.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 712820, member: 3011"]Predictable response. You accept the fact that over time, the cost of living goes up and the purchasing power of the dollar goes down. But you can't accept the notion that it should even be attempted to circulate a coin that basically retains its historical purchasing power relative to the depreciating currency. Over time, gold and silver prices will rise relative to the Federal Reserve Note whether you like it or not. It makes perfect sense to experiment with the system and try to tweak it a bit so that people other than central bankers and speculators can participate. But what I posted was not really for you or the other naysayers since the response was predicted. It is for the fence-sitters and open minded folks to examine and draw their own conculsion. I enjoy the study of the mechanics of how the old gold system worked and how a hard money system might be implemented or partially implemented today.[/QUOTE]
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