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<p>[QUOTE="medoraman, post: 1566028, member: 26302"]I agree, plus the loss of productivity because there is no way to make change. In Mexico and other countries that tried to make "hard" money, once the intrinsic value approached face value coins would disappear and commerce would be seriously hampered. This would lead to lower economic activity, costing billions if it happened in the US.</p><p><br /></p><p>Yes, in a perfect world it would be nice to have a silver dollar with a $.99 melt value as your currency. Since we know, however, that inflation will always increase commodity pricing, we simply cannot due this without periodically incurring economic disruptions makes it the case that its not worth the cost to our economy to attempt it. If someone wishes to own X amount of a PM, they should simply buy the PM themselves, and not involve our economy.</p><p><br /></p><p>Just my opinion.[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1566028, member: 26302"]I agree, plus the loss of productivity because there is no way to make change. In Mexico and other countries that tried to make "hard" money, once the intrinsic value approached face value coins would disappear and commerce would be seriously hampered. This would lead to lower economic activity, costing billions if it happened in the US. Yes, in a perfect world it would be nice to have a silver dollar with a $.99 melt value as your currency. Since we know, however, that inflation will always increase commodity pricing, we simply cannot due this without periodically incurring economic disruptions makes it the case that its not worth the cost to our economy to attempt it. If someone wishes to own X amount of a PM, they should simply buy the PM themselves, and not involve our economy. Just my opinion.[/QUOTE]
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