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<p>[QUOTE=&quot;Cloudsweeper99, post: 547627, member: 3011&quot;]It isn&#039;t going to happen because a .002 conversion implies maintaining a $500 gold price.&nbsp; The only way something like this can work is to make a paper dollar fully convertible to gold.&nbsp; The Federal Reserve Note is unsuitable for this purpose, but a new Treasury Gold Note could be issued and made fully convertible to gold at, say, .001 assuming they had the gold to back every note.&nbsp; However, it probably could not carry a face amount because its value would always be different from the FRN.&nbsp; The best idea along these lines that I&#039;ve heard is the Mexican plan to issue a one ounce silver coin that would have a floating face value equal to the highest price that an ounce of silver ever achieves.&nbsp; It can go up in value, but not down.[/QUOTE]</p><p><br /></p>

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