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<p>[QUOTE="mikem2000, post: 1559738, member: 30574"]Why is that the appropriate dictionary? Because it aligns with your opinion? I'll stick with Webster.</p><p>Now the point you bring up is interesting, but it actually shows that silver is without question NOT money.</p><p><br /></p><p>While the coin is meant to trade as bullion, the gov picked a number out of thin air and said, "This coin is legal tender and <b>LET IT BE </b>worth a dollar." Guess what that is. Fiat currency, no doubt about it. The fact that the raw material is worth more than the fiat value is not important. The fiat value is not tied in any way to the intrinsic value. If silver crashed to 10 cents an ounce - still worth a buck. For silver to become money the ASE's legal tender value would need to be tied to the price of silver which it is not.</p><p><br /></p><p><br /></p><p>Now back to Zombies. MR B. you are wrong, Zombies are real. I read about them on the Internet....[/QUOTE]</p><p><br /></p>
[QUOTE="mikem2000, post: 1559738, member: 30574"]Why is that the appropriate dictionary? Because it aligns with your opinion? I'll stick with Webster. Now the point you bring up is interesting, but it actually shows that silver is without question NOT money. While the coin is meant to trade as bullion, the gov picked a number out of thin air and said, "This coin is legal tender and [B]LET IT BE [/B]worth a dollar." Guess what that is. Fiat currency, no doubt about it. The fact that the raw material is worth more than the fiat value is not important. The fiat value is not tied in any way to the intrinsic value. If silver crashed to 10 cents an ounce - still worth a buck. For silver to become money the ASE's legal tender value would need to be tied to the price of silver which it is not. Now back to Zombies. MR B. you are wrong, Zombies are real. I read about them on the Internet....[/QUOTE]
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