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<p>[QUOTE="GDJMSP, post: 712899, member: 112"]A sound currency ? Just how is it sound ? You have a silver coin and you dictate that the value of that silver coin is not and cannot be tied to the current market value of silver. So if the coin is made when silver is at $18.00 an ounce, and a year later silver is at $4.00 an ounce - what makes that silver coin still worth $18.00 ? </p><p><br /></p><p>And what happens to the silver coins that are made now (a year later) when silver is only worth $4 an ounce ? Are they worth $4 or $18 ? </p><p><br /></p><p>Cloud, the only thing that makes that silver coin worth $18 according to this guys plan is that you dictate it to be so. There is nothing else making that $4 an oz silver coin worth $18.</p><p><br /></p><p>So why go to all the trouble. Just dictate that a paper $10 bill can never be worth less than $10. It's the same exact thing.</p><p><br /></p><p>As I said, the idea is rediculous.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 712899, member: 112"]A sound currency ? Just how is it sound ? You have a silver coin and you dictate that the value of that silver coin is not and cannot be tied to the current market value of silver. So if the coin is made when silver is at $18.00 an ounce, and a year later silver is at $4.00 an ounce - what makes that silver coin still worth $18.00 ? And what happens to the silver coins that are made now (a year later) when silver is only worth $4 an ounce ? Are they worth $4 or $18 ? Cloud, the only thing that makes that silver coin worth $18 according to this guys plan is that you dictate it to be so. There is nothing else making that $4 an oz silver coin worth $18. So why go to all the trouble. Just dictate that a paper $10 bill can never be worth less than $10. It's the same exact thing. As I said, the idea is rediculous.[/QUOTE]
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