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<p>[QUOTE=&quot;InfleXion, post: 1392861, member: 29012&quot;]If gold was simply a commodity it wouldn&#039;t be worth much, because it doesn&#039;t do much. Yes we measure the price of gold in dollars, but that is backwards and only since 1971. You&#039;re right about how things are today, but unfortunately that is also the reason why we can&#039;t pay our debt. I am of the school of thought that we will revert back to the old way of doing things out of necessity, and as I have stated the law dictates that should still be and have always been the case. </p><p><br /></p><p>My point about cutting up coinage is that if it were legal to cut 90% silver US coinage up you could still get the melt value out of it. If you cut a FRN up the value is nil. That&#039;s why it fails the definition of money, but it works fine as a currency.[/QUOTE]</p><p><br /></p>

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